Zip lookup · WI

54847
Iron River, Wisconsin.

Iron River, Bayfield County, WI · population 2,607

What it costs per month · 54847 $1,565/mo

to buy the typical home at today's mortgage rate — +$906 (+137%) since Jan 2020.

What the home itself did
1 year
Up $723 +0%
$297,416$298,138 since Sep 2025
5 years
Up $49,854 +20%
$248,284$298,138 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.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 54847 $1,565 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 54847$1,565
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 19 years.

Typical home values in zip 54847 rose 0.2% over the past year — slower than the nation's +1.2%.

Zillow also publishes an index for the city itself: Iron River, WI — measured over the city limits, which is a different area from this zip.

Typical home value $298,138 as of Sep 2026
+0.2%year on year

Typical home value — 54847

Mid-tier homes, smoothed and seasonally adjusted.

$200,000 $250,000 $300,000 $350,000 2018 2020 2022 2024 2026 54847 $298,138 United States $366,157
$200,000 $250,000 $300,000 $350,000 2018 2022 2026
  • 54847$298,138
  • 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
7.4 54820 Brule 707 — $259,225
12.3 54865 Port Wing 517 — $238,353
13.6 54854 Maple 960 — $255,454
16.3 54849 Lake Nebagamon 1,857 — $359,831
17.0 54856 Mason 1,628 — $247,189
17.2 54832 Drummond 453 — $265,162
17.3 54844 Herbster 243 — $259,218
18.8 54864 Poplar 1,590 — $313,119
19.1 54839 Grand View 342 — $216,315

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.