Housing data for Balaton, MN
Balaton, MN has an estimated 551 residents and 279 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Lyon County.
25.1% of households rent.
The median gross rent is $1,138 a month.
Figures last updated on .
- Residents
- 551 (±74)
- Housing units
- 279 (±44)
- Households that rent
- 25.1%
- Median gross rent
- $1,138
- Residents since 2015–2019
- −8.2%
What stands out in Balaton
Homes heated by fuel oil: 11.2% (±5.5 points) in Balaton, higher than in Lyon County (1.5%).
Average commute: 27.5 minutes (±4.4) in Balaton, higher than in Lyon County (14.6 minutes).
Median home value: $94,000 (±$23,200) in Balaton, lower than in Lyon County ($200,700).
Median gross rent: $1,138 (±$96) in Balaton, higher than in Lyon County ($781).
Housing in Balaton at a glance
- Median rent: $1,138 median gross rent a month (Small sample: wide margin of error)
- Rent burden: 51.1% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 25.1% of households rent
- Income and affordability: $54,688 median household income
- Home values: $94,000 median home value
- Homeowner costs: $1,324 median monthly cost with a mortgage
- Property taxes: $1,281 median real estate taxes a year
- Types of homes: 7.6% of homes are in buildings of 5 or more units
- Bedrooms: 54.8% of homes have 3 or more bedrooms
- Age of homes: 79.6% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 51.0% heat with propane
- Commute and cars: 27.5 minutes average trip to work
- Growth: −8.2% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 18.2% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Balaton against Lyon County, its state and the nation
| Balaton | Lyon County | Minnesota | United States | |
|---|---|---|---|---|
| Residents | 551 (±74) | 25,503 (exact) | 5,739,445 (exact) | 334,922,499 |
| Housing units | 279 (±44) | 11,269 (±44) | 2,545,030 (±1,535) | 143,775,355 |
| Households that rent | 25.1% (±6.1 points) | 27.5% (±2.3 points) | 27.8% (±0.2 points) | 34.8% |
| Median gross rent | $1,138 (±$96) | $781 (±$53) | $1,280 (±$7) | $1,413 |
| Median household income | $54,688 (±$5,610) | $75,303 (±$2,081) | $89,062 (±$409) | $80,734 |
| Median home value | $94,000 (±$23,200) | $200,700 (±$7,568) | $329,300 (±$903) | $332,700 |
| Median real estate taxes (a year) | $1,281 (±$131) | $2,126 (±$94) | $3,357 (±$10) | $3,119 |
| Built before 1980 | 79.6% (±13.8 points) | 63.2% (±3.7 points) | 52.1% (±0.3 points) | 49.7% |
| Average commute | 27.5 minutes (±4.4) | 14.6 minutes (±0.9) | 22.7 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 89.2% (±7.1 points) | 91.2% (±1.3 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 48.6 years (±13.1) | 37.4 years (±0.8) | 38.8 years (±0.1) | 38.9 years |
Balaton covers 1.5 square miles of land, about 380 residents per square mile (Census Bureau Gazetteer).
How Balaton has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 600 (±70) | 551 (±74) | −8.2% | Not a measurable change |
| Housing units | 292 (±36) | 279 (±44) | −4.5% | Not a measurable change |
| Median gross rent | $573 (±$89) | $1,138 (±$96) | +98.6% | Up after inflation |
| Median home value | $72,500 (±$7,804) | $94,000 (±$23,200) | +29.7% | No measurable change after inflation |
| Median household income | $50,313 (±$10,297) | $54,688 (±$5,610) | +8.7% | No measurable change after inflation |
| Median owner cost with a mortgage | $964 (±$102) | $1,324 (±$207) | +37.3% | No measurable change after inflation |
| Median real estate taxes | $1,055 (±$167) | $1,281 (±$131) | +21.4% | No measurable change after inflation |
| Households that rent | 22.1% (±7.8 points) | 25.1% (±6.1 points) | +3.0 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±26.3 points) | 0.0% (±28.5 points) | 0.0 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Lyon County
Balaton has no police department of its own in the FBI’s figures, so this is the figure for Lyon County as a whole.
In 2024, the police departments that report for Lyon County recorded 199 violent and 598 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
Places near Balaton
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Rock Lake Township | 1.1 mi | — | $310,000 | 11.8% |
| Custer Township | 3.8 mi | — | $242,900 | 8.3% |
| Garvin | 5.7 mi | — | $66,100 | 3.9% |
| Skandia Township | 6.0 mi | — | $240,000 | 2.3% |
| Lyons Township (Lyon County) | 6.8 mi | — | $244,000 | 3.3% |
| Russell | 7.0 mi | $596 | $107,600 | 8.6% |
| Shelburne Township | 7.8 mi | — | $255,000 | 8.0% |
| Lake Sarah Township | 7.9 mi | — | $382,500 | 9.4% |
Places in Minnesota most like Balaton
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Gibbon | $950 | $102,700 | $55,278 | 22.3% |
| Bertha | $913 | $94,400 | $57,708 | 26.3% |
| Claremont | $1,038 | $132,800 | $56,625 | 13.9% |
| Bovey | $948 | $122,800 | $64,083 | 28.3% |
| Morgan | $1,018 | $117,400 | $55,833 | 21.7% |
| Franklin | $838 | $89,800 | $51,500 | 16.1% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Minnesota.
HUD Fair Market Rent for Balaton, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $767 | $870 | $1,014 | $1,404 | $1,695 |
HUD income limits for Balaton, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $21,500 | $35,850 | $57,300 |
| 2 people | $24,600 | $40,950 | $65,500 |
| 3 people | $27,650 | $46,050 | $73,700 |
| 4 people | $33,000 | $51,150 | $81,850 |
| 5 people | $38,680 | $55,250 | $88,400 |
| 6 people | $44,360 | $59,350 | $94,950 |
| 7 people | $50,040 | $63,450 | $101,500 |
| 8 people | $55,720 | $67,550 | $108,050 |
These are the limits HUD sets for its housing programs in the Lyon County, MN, where HUD’s median family income for fiscal year 2026 is $102,300.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Balaton
How many renters are there in Balaton?
Balaton has an estimated 65 (±18) renting households, 25.1% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Balaton?
The median household income in Balaton is $54,688 (±$5,610) a year (2020–2024 American Community Survey).
What is the average home value in Balaton, MN?
The Census Bureau publishes the median: $94,000 (±$23,200) for owner-occupied homes in Balaton (2020–2024 American Community Survey).
What is the average mortgage payment in Balaton?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Balaton, MN is $1,324 (±$207) a month, including taxes, insurance and utilities.
How much are property taxes in Balaton?
The median real estate tax paid by homeowners in Balaton, MN is $1,281 (±$131) a year (2020–2024 American Community Survey).
How many homes are in Balaton?
Balaton, MN has an estimated 279 (±44) housing units, occupied and vacant (2020–2024 American Community Survey).
Is Balaton growing?
In Balaton, the number of residents went from 600 in 2015–2019 to 551 in 2020–2024 (−8.2%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Balaton city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Balaton city, Minnesota
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Balaton city, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Balaton city, Minnesota
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Balaton city, Minnesota
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Balaton city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Balaton city, Minnesota
- HUD Fair Market Rents, fiscal year 2027: Lyon County, MN
- HUD Income Limits, fiscal year 2026: Lyon County, MN
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Balaton city, Minnesota (place:03250, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .