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Balsam Lake, WI
Full City Profile · Wisconsin · Polk County County
2.9
/5.0
C+
Fair
819
Population
367/sq mi density
$48,468
Median Income
$33,205 per capita
$188,600
Home Value
$398,059 Zillow
$1,063
Median Rent
33.1% income on rent
44°F
Avg Temperature
270 sunny days/yr
414
Violent Crime/100K
1,965 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$48,468 median income, 3.2% unemployment
A
Affordability
4.5 / 5.0
$188,600 home value, $1,063/mo rent
F
Safety
1.0 / 5.0
414 violent crimes/100K (9% above avg)
C+
Education
2.6 / 5.0
20.1% bachelor's degree or higher
Housing Overview
Median Home Value
$188,600
33% below
US avg: $281,900
Median Rent
$1,063/mo
9% below
US avg: $1,163/mo
Homeownership Rate
82.7%
26% above US avg (65.4%)
Total Housing Units
612
Median year built: 1977
Home Value by Source
Census Median
$188,600
Zillow (ZHVI)
$398,059
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
82.7%
Owner-Occupied
17.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$797/mo
1 Bedroom
$872/mo
2 Bedroom
$1,097/mo
3 Bedroom
$1,405/mo
4 Bedroom
$1,572/mo
Census median rent:
$1,063/mo
Affordability & Housing Stock
Rent Burden
33.1%
of renters spending 30%+ of income on housing
7% above US avg (31.0%)
Median Year Built
1977
Average age of housing stock: 49 years
Homeownership Rate
82.7%
Complete Housing Data
Home Values
| Census Median Value | $188,600 |
| Zillow Home Value (ZHVI) | $398,059 |
Rent
| Census Median Rent | $1,063 |
| FMR Studio | $797 |
| FMR 1-Bedroom | $872 |
| FMR 2-Bedroom | $1,097 |
| FMR 3-Bedroom | $1,405 |
| FMR 4-Bedroom | $1,572 |
Market
Ownership & Stock
| Owner-Occupied | 82.7% |
| Renter-Occupied | 17.3% |
| Homeownership Rate | 82.7% |
| Total Housing Units | 612 |
| Median Year Built | 1977 |
| Rent Burden | 33.1% |