Oulu, WI housing market
Home prices around Oulu have risen about 30% over the past 5 years.
Home values, sales, trends and how Oulu compares with the towns next door — updated as new data is published.
Home prices up 30% in 5 years
The federal house price index for the ZIP codes around Oulu rose 30% over the past 5 years, slower than across Wisconsin (57%). Last year prices fell 21%.
Show as a table
| Year | Change that year | Since 2001 | Wisconsin since 2001 |
|---|---|---|---|
| 2025 | −21% | +92% | +131% |
| 2024 | +40% | +143% | +119% |
| 2023 | −3.1% | +74% | +105% |
| 2022 | +13% | +79% | +85% |
| 2021 | +7.7% | +59% | +62% |
| 2020 | +4.8% | +48% | +47% |
| 2019 | +2.1% | +41% | +43% |
| 2018 | −0.5% | +38% | +36% |
| 2017 | +2.7% | +39% | +29% |
| 2016 | +5.2% | +35% | +23% |
| 2015 | +0.4% | +28% | +18% |
| 2014 | +0.3% | +28% | +15% |
| 2013 | +1.5% | +27% | +13% |
| 2012 | −4.3% | +25% | +13% |
| 2011 | 0% | +31% | +15% |
| 2010 | −6.7% | +31% | +19% |
| 2009 | +0.7% | +41% | +24% |
| 2008 | −3.2% | +40% | +29% |
| 2007 | +2.1% | +44% | +31% |
| 2006 | +1.7% | +41% | +30% |
| 2005 | +10% | +39% | +25% |
| 2004 | +16% | +26% | +15% |
| 2003 | +3.7% | +8.9% | +7.4% |
| 2002 | +4.9% | +4.9% | +3.9% |
| 2001 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 54847, 54820, covering 73% of Oulu’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Oulu and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Oulu | — | −21.1%† | $1,040 | $96,875 |
| Tripp | — | −21.1%† | $1,050 | $93,125 |
| Brule | $263K | +8.1% | $1,030 | $63,375 |
| Hughes | — | −21.1%† | $1,040 | $82,083 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,040
HUD's Fair Market Rent for a two-bedroom in Oulu is $1,040 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Oulu pay a median of $842, so moving in tends to cost more than staying put.
Studio $720 · 4 bedrooms $1,480
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (54820, 54847; Bayfield County, WI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.