Park Falls, WI housing market
The typical Park Falls home is worth about $210,000, up 7.5% in a year, 38% below the Wisconsin typical home.
Home values, sales, trends and how Park Falls compares with the towns next door — updated as new data is published.
Park Falls at a glance
Typical home value, 2016–2026
Show as a table
| January | Park Falls | Wisconsin |
|---|---|---|
| 2017 | $110,000 | $180,000 |
| 2018 | $113,000 | $190,000 |
| 2019 | $118,000 | $202,000 |
| 2020 | $120,000 | $215,000 |
| 2021 | $132,000 | $238,000 |
| 2022 | $156,000 | $263,000 |
| 2023 | $171,000 | $282,000 |
| 2024 | $177,000 | $299,000 |
| 2025 | $186,000 | $317,000 |
| 2026 | $203,000 | $333,000 |
| August 2026 | $210,000 | $340,000 |
No new homes permitted in 2025
No permits for new homes were issued in Park Falls in 2025. The last year with any was 2024 (1 new home).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Park Falls's population fell by 52 even though 1 new home was permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Wisconsin: 1.3 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 1 | 1 | 0 | $277,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 1 | 1 | 0 | $256,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 10 | 0 | 10 | $650,000 |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 1 | 1 | 0 | $90,000 |
| 2003 | 2 | 2 | 0 | $165,000 |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 2 | 2 | 0 | $180,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Park Falls and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Park Falls | $210K | +7.5% | $970 | 0 | $54,643 |
| Eisenstein | — | +14.9%† | $970 | — | $63,194 |
| Lake | — | +14.9%† | $970 | — | $69,875 |
† FHFA price index change, where Zillow has no home value for the town.
3.8 years of income
The typical Park Falls home costs about 3.8 years of the town's median household income, less than across Wisconsin (4.4 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Park Falls is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Park Falls pay a median of $832, so moving in tends to cost more than staying put. A two-bedroom takes about 21% of the town's median household income.
Studio $730 · 4 bedrooms $1,310
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (54552; Iron 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, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.