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Affordable
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These days, finding an affordable place to live in the Bayfield area can be challenging. Home prices in Bayfield are now at a median cost of $245,623, lower than the Wisconsin average of $280,373.
The average cost of rent is $877/mo in Bayfield, primarily driven by the current value of real estate in the Bayfield area. In Bayfield, 23.11% of households rent, and 69.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bayfield is $5,454 per month. Households that rent pay about 16.08% of their income on rent here. Bayfield’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Red Cliff, WI: less expensive homes
- Salmo, WI: higher priced homes
- La Pointe, WI: higher priced homes
- Sand Bay, WI: less expensive homes
- Washburn, WI: less expensive homes
- Cornucopia, WI: equally priced homes
- Odanah, WI: less expensive homes
- Diaperville, WI: less expensive homes
- Ashland, WI: less expensive homes
- New Odanah, WI: less expensive homes
Cities with Similar Populations
- Waddington, NY: less expensive homes
- Babbitt, MN: less expensive homes
- Addison, AL: less expensive homes
- Walnut, IL: less expensive homes
- Suring, WI: less expensive homes
- Rocheport, MO: higher priced homes
- Cut and Shoot, TX: higher priced homes
- Tamaroa, IL: less expensive homes
- Croghan, NY: less expensive homes
- Weeksville, NC: higher priced homes
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