The housing market in Bayfield, WI is quite strong. The median value of homes in the area is much lower than the US median of $338,100 at $264,400. However, this does not mean that homes in Bayfield do not appreciate in value. In fact, over the last year house appreciation was 12.04%, which is significantly higher than the national average of 8.27%. This suggests that investing in real estate in Bayfield can be a good financial decision for those looking to increase their wealth.
The median home cost in Bayfield is $264,400. Home appreciation the last 10 years has been 74.1%. Home Appreciation in Bayfield is up 14.4%.
Average Age of Homes
- The median age of Bayfield real estate is 54 years old
The Rental Market in Bayfield
- Renters make up 21.9% of the Bayfield population
- 2.2% of houses and apartments in Bayfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.