Market Overview
Home Prices in Bayfield, WI
The median home value in Bayfield, WI is $344,171 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bayfield are priced16% below average.
Over the past five years, Bayfield home values have risen by approximately31.6%, reflecting strong long-term appreciation in this market.
Price History
Bayfield Home Price Trend
2020
$220,849
$221K
—
2021
$261,485
$261K
+18.4%
2022
$300,077
$300K
+14.8%
2023
$308,861
$309K
+2.9%
2024
$320,980
$321K
+3.9%
2025
$336,763
$337K
+4.9%
2026
$344,171
$344K
+2.2%
City Comparison
Bayfield vs. National Median
🏠 Bayfield
$344,171
National Median
$410,000
At $344,171, homes in Bayfield cost 16% below the national median of $410,000. This makes Bayfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bayfield?
20% Down Payment
$68,834
on $344,171
Monthly P&I
$1,795/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,280/mo
incl. taxes & insurance
Income Needed
$91,200
gross annual (30% rule)
10% Down Option
$34,417
+ PMI applies
Loan Amount (20% dn)
$275,337
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Bayfield, WI?
The median home value in Bayfield is $344,171 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Bayfield?
Over the past year, home values in Bayfield have increased by 2.2%. Over five years, prices have risen approximately 31.6%.
How much do I need to earn to buy a home in Bayfield?
To comfortably afford the median home price of $344,171 with a 20% down payment ($68,834) at today's rates (6.8%), you'd need a gross annual income of approximately $91,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Bayfield compare to the national average home price?
The national median home value is approximately $410,000. At $344,171, homes in Bayfield are 16% below the national average.