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Balaton Real Estate Market Facts

  • $74,800Median home price
    61% lower than Minnesota
  • $615Median rent asked
    30% lower than Minnesota
  • 75.3%Home owners
    5% higher than Minnesota
  • 2.3People per home
    3% lower than Minnesota

Balaton Home Affordability

  • $74,800Median home price
    61% lower than Minnesota
  • $47,969Median home income
    24% lower than Minnesota
  • 1.6xHome price to income ratio
    49% lower than Minnesota

Balaton Affordability Calculator

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Balaton Mortgage Calculator

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Balaton Demographics

  • 550Population
  • 379People / sq mile
  • 43.6Median age
  • 1.0:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Florence, MN16$0100%
Ruthton, MN263$44,60076%
Currie, MN209$52,10072%
Garvin, MN136$52,50072%
Tracy, MN2,139$67,90063%
Balaton, MN550$74,80060%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Lane, SC550$47,50074%
Hallsburg, TX550$146,50021%
Melvin, IL550$69,50062%
Reynolds, IN550$84,20054%
Lowry City, MO550$41,70077%
Balaton, MN550$74,80060%
Source: The Balaton, MN housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).