Housing & Real Estate — Balaton, Minnesota
Overview
| Total Housing Units | 279 |
|---|
| Occupied | 252 |
|---|
| Vacant | 27 |
|---|
| Owner-Occupied | 192 |
|---|
| Renter-Occupied | 60 |
|---|
| Median Home Value (Census) | $94,000 |
|---|
| Estimated 2026 | ~$101,000 |
|---|
| Median Rent | $1,081/mo |
|---|
| Median Property Tax | $1,281/yr |
|---|
Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | affordable |
|---|
| Rent as % of Income | 23.7% |
|---|
| Severely Rent-Burdened | 46.8% |
|---|
Housing Age
| Built 2010 or later | 15 |
|---|
| Built 2000-2009 | 18 |
|---|
| Built 1990-1999 | 11 |
|---|
| Built before 1960 | 180 |
|---|
| Median Year Built | 1948 |
|---|
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
