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Balaton, MN
Full City Profile · Minnesota · Lyon County County
3.0
/5.0
B
Good
544
Population
375/sq mi density
$54,091
Median Income
$32,702 per capita
$85,000
Home Value
$89,013 Zillow
$1,081
Median Rent
27.1% income on rent
45°F
Avg Temperature
276 sunny days/yr
253
Violent Crime/100K
2,449 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$54,091 median income, 4.4% unemployment
A+
Affordability
5.0 / 5.0
$85,000 home value, $1,081/mo rent
F
Safety
1.0 / 5.0
253 violent crimes/100K
C
Education
2.4 / 5.0
18.1% bachelor's degree or higher
Housing Overview
Median Home Value
$85,000
70% below
US avg: $281,900
Median Rent
$1,081/mo
7% below
US avg: $1,163/mo
Homeownership Rate
76.2%
17% above US avg (65.4%)
Total Housing Units
262
Median year built: 1948
Home Value by Source
Census Median
$85,000
Zillow (ZHVI)
$89,013
Median Sale Price
$40,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
76.2%
Owner-Occupied
23.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$1,081/mo
Market Indicators (Redfin)
Median Days on Market
26 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$23
Active Inventory
2
homes for sale
Affordability & Housing Stock
Rent Burden
27.1%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
1948
Average age of housing stock: 78 years
Homeownership Rate
76.2%
Complete Housing Data
Home Values
| Census Median Value | $85,000 |
| Zillow Home Value (ZHVI) | $89,013 |
| Median Sale Price | $40,000 |
| Price Per Sq Ft | $23 |
Rent
| Census Median Rent | $1,081 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 26 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Active Inventory | 2 |
| Price Per Sq Ft | $23 |
Ownership & Stock
| Owner-Occupied | 76.2% |
| Renter-Occupied | 23.8% |
| Homeownership Rate | 76.2% |
| Total Housing Units | 262 |
| Median Year Built | 1948 |
| Rent Burden | 27.1% |