54542 — Long Lake, WI Home Values
Typical home value $154,222 as of June 2026 · 9th of 9 in Iron Mountain, MI-WI
Blue: typical home value (Zillow ZHVI) in ZIP code 54542, June 2021 to June 2026. This page shows observed data only; no forecast.
How 54542 compares in the Iron Mountain, MI-WI area
ZIP code 54542 (Long Lake, WI) has a typical home value of $154,222 as of June 2026, ranking 9th of 9 ZIP codes tracked in the Iron Mountain, MI-WI area, more expensive than about 11% of ZIP codes in the metro. Prices here have moved +11.5% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +28.1%, from $120,401 in June 2021 to $154,222 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Iron Mountain, MI-WI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Iron Mountain.
Population and demographics
ZIP code 54542 has a population of 615, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 77.6% White, 21.3% two or more races, and 1.1% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| West Iron County Middle High School | 701 GARFIELD AVE, IRON RIVER, MI | 12.2 mi |
| Stambaugh Elementary School | 700 WASHINGTON AVE, IRON RIVER, MI | 12.3 mi |
| Phelps Elementary | 4451 Old School Rd, Phelps, WI | 19.1 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 54542?
$154,222 as of June 2026, the latest month Zillow has published observed data for.
Is 54542 an expensive ZIP code in the Iron Mountain, MI-WI area?
54542 ranks 9th of 9 ZIP codes in the Iron Mountain, MI-WI area by typical home value, more expensive than about 11% of ZIP codes in the metro.
How much have home values in 54542 changed over the past year?
+11.5% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 54542?
615, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 54542?
West Iron County Middle High School (12.2 mi), Stambaugh Elementary School (12.3 mi), Phelps Elementary (19.1 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 54542?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Iron Mountain, MI-WI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.