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Rhinelander, WI—54501

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$237,000
1.2% YoY Growth
Household Income
$68,600
26.2% YoY Growth
Days on Market
91
32.0% Longer YoY
Home Price Forecast
N/A
Median Rent
$1,200
30.9% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$895
8.2% YoY Growth
3-Bed Rent
$1,300
3.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Rhinelander, WI

Rhinelander, WI lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$237,0001.2%
Single Family $238,0001.3%
Condos $205,0007.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    		$203,0001.5%
    3 Bed
    		$277,0002.2%
    4 Bed
    		$327,0002.2%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.1%
    1 Bedroom
    6.0%
    2 Bedrooms
    35.9%
    3 Bedrooms
    41.3%
    4 Bedrooms
    12.5%
    5+ Bedrooms
    3.2%

    Rental Trends — Rhinelander, WI

    As of July '25, Rentcast reports the average rent in Rhinelander, WI is $1,220, with a year-over-year rent change of 30.9%. Per bedroom, the median rent as of July '25 in Rhinelander, WI is 2-bedrooms: $991, 3-bedrooms: $1,340, 4-bedrooms: $1,400. The most common rental property sizes in Rhinelander, WI are 2-bedroom and 3-bedroom, accounting for 50.3% and 19.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,200$1,220
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $895$991
    3 Bed Rent $1,300$1,340
    4 Bed Rent $1,400$1,400
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    % of Rental Stock

    Studio
    3.9%
    1 Bedroom
    18.6%
    2 Bedrooms
    50.3%
    3 Bedrooms
    19.9%
    4 Bedrooms
    3.9%
    5+ Bedrooms
    3.4%

    Property Listings — Rhinelander, WI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Rhinelander, WI is 67. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$254,000-23.0%
    Listing Count
    		568.0%
    Listings as % of Homes0.3%8.0%
    Days on Market
    		9132.0%
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    Demographics — Rhinelander, WI

    As of the latest ACS Survey released in 2023, Rhinelander, WI has a population of 21,100, which has increased by 6.2% over the past 5 years. Rhinelander, WI is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 25.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		21,1006.2%
    % Under 18
    		18.8%-2.6%
    % Seniors
    		22.9%15.1%
    % WFH
    		8.0%128.6%
    % w/ College Degree
    		25.9%2.8%
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    As of the latest ACS Survey released in 2023, Rhinelander, WI is a predominantly white area, with 93.6% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Rhinelander, WI is hispanic, making up 1.8% of the population. Foreign-born residents account for 1.2% of the population in Rhinelander, WI, and this percentage has decreased by 7.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		93.6%-1.2%
    % Black
    		0.6%-25.0%
    % Hispanic
    		1.8%125.0%
    % Asian
    		0.5%25.0%
    % Foreign Born
    		1.2%-7.7%
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    Mortgage and Risk — Rhinelander, WI

    According to HUD data as of 2023, there were 455 mortgage originations in Rhinelander, WI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Rhinelander, WI. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		455
    % Conventional Loans
    		91.0%
    % Government Loans
    		9.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		11.0%
    % Cash Out Refinance
    		17.0%
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    Rentals and Section 8 — Rhinelander, WI

    Rhinelander, WI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		402
    Total Units Section 8
    		324
    % Rentals under Section 8
    		21.3%
    % Occupied Section 8
    		71.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$770
    2 Bedroom$55$895$950
    3 Bedroom$40$1,300$1,340
    4 Bedroom$10$1,400$1,410

    Affordability — Rhinelander, WI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$237,000
    Median Household Income$68,600

    Rhinelander, WI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Gleason, WI

    54435

    Irma, WI

    54442

    Tomahawk, WI

    54487

    Antigo, WI

    54409

    Merrill, WI

    54452

    Frequently Asked Questions