54554
Phelps, Wisconsin.
Phelps, Vilas County, WI · population 1,148
to buy the typical home at today's mortgage rate — +$1,024 (+128%) since Jan 2020.
- 1 year
- Up $35,940 +12%
- $311,970$347,910 since Sep 2025
- 5 years
- Up $84,326 +32%
- $263,584$347,910 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 54554$1,826
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in zip 54554 rose 11.5% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Phelps, WI — measured over the city limits, which is a different area from this zip.
Typical home value — 54554
Mid-tier homes, smoothed and seasonally adjusted.
- 54554$347,910
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 9.9 | 54519 | Conover | 1,309 | — | $361,934 |
| 13.3 | 54521 | Eagle River | 8,551 | — | $389,009 |
| 15.1 | 49969 | Watersmeet | 1,000 | — | $298,822 |
| 16.9 | 54540 | Land O'Lakes | 971 | — | $346,466 |
| 16.9 | 54562 | Three Lakes | 2,038 | — | $447,108 |
| 17.9 | 49935 | Iron River | 5,841 | — | $154,520 |
| 18.6 | 54542 | Long Lake | 702 | — | $156,827 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.