What is the median home value in Balsam Township (Itasca County), MN?

Name: Home values in Balsam Township (Itasca County), MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Balsam Township (Itasca County), MN is $236,000 (±$24,313), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Balsam Township (Itasca County), the median home value went from $181,500 in 2015–2019 to $236,000 in 2020–2024 (+30.0%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $236,000 (±$24,313)
Owner-occupied homes: 272 (±53)
Most common range: $200,000 to $299,999

Home values in Balsam Township (Itasca County)

Owner-occupied homes by value, 2020–2024
Value	Balsam Township (Itasca County)	Itasca County	Minnesota	United States
Less than $50,000	4.4% (±3.5 points)	6.4%	4.0%	5.3%
$50,000 to $99,999	2.9% (±2.2 points)	7.3%	3.7%	6.1%
$100,000 to $149,999	7.7% (±4.7 points)	12.9%	5.2%	6.8%
$150,000 to $199,999	19.9% (±9.7 points)	16.2%	8.1%	9.0%
$200,000 to $299,999	29.0% (±8.5 points)	24.5%	22.6%	17.8%
$300,000 to $499,999	29.0% (±10.7 points)	22.0%	36.9%	26.9%
$500,000 to $999,999	7.0% (±4.1 points)	9.1%	17.0%	20.9%
$1,000,000 or more	0.0% (±7.9 points)	1.6%	2.6%	7.1%

The most common range is $200,000 to $299,999, 29.0% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Balsam Township (Itasca County) against Itasca County, its state and the nation

Estimate (90% margin of error)
	Balsam Township (Itasca County)	Itasca County	Minnesota	United States
Median home value	$236,000 (±$24,313)	$225,200 (±$6,215)	$329,300 (±$903)	$332,700
Owner-occupied homes	272 (±53)	15,396 (±436)	1,666,687 (±7,556)	84,210,142

In Balsam Township (Itasca County), the median home value is not measurably different from Itasca County ($225,200).

It is also lower than in Minnesota ($329,300).

It is lower than the national figure ($332,700).

In Itasca County, Balsam Township (Itasca County) ranks 19 of 50 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 1478 of 2,558.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Balsam Township (Itasca County) have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$181,500 (±$17,671)	$236,000 (±$24,313)	+30.0%	No measurable change after inflation
Median owner cost with a mortgage	$1,392 (±$196)	$1,467 (±$202)	+5.4%	No measurable change after inflation
Median real estate taxes	$1,373 (±$164)	$1,899 (±$356)	+38.3%	No measurable change after inflation

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.

Median home value in places near Balsam Township (Itasca County)

Nearest places with a published estimate, compared with Balsam Township (Itasca County)
Place	Distance	Median home value	Compared with this place
Balsam Township (Itasca County)	—	$236,000 (±$24,313)	—
Lawrence Township (Itasca County)	5.2 mi	$201,200 (±$64,915)	Not measurably different
Wabana Township	7.2 mi	$302,900 (±$156,478)	Not measurably different
Nashwauk Township	11 mi	$141,300 (±$16,325)	Lower
Taconite	12 mi	$219,600 (±$29,270)	Not measurably different
Marcell Township	12 mi	$348,600 (±$53,043)	Higher
Marble	12 mi	$102,500 (±$22,360)	Lower
Arbo Township	12 mi	$263,700 (±$60,761)	Not measurably different
Bovey	13 mi	$122,800 (±$19,194)	Lower

Nearby places with a measurably lower figure: Nashwauk Township, MN ($141,300), Marble, MN ($102,500), Bovey, MN ($122,800).

Nearby places with a measurably higher figure: Marcell Township, MN ($348,600).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Itasca County, place by place

Rank	Place	Median home value
13	Feeley Township	$254,500 (±$36,479)
14	Splithand Township	$252,500 (±$34,330)
15	Blackberry Township	$246,800 (±$24,630)
16	Stokes Township (Itasca County)	$246,700 (±$40,359)
17	Bowstring Township	$246,200 (±$33,822)
18	Kinghurst Township	$238,900 (±$57,799)
19	Balsam Township (Itasca County)	$236,000 (±$24,313)
20	Lake Jessie Township	$226,300 (±$26,484)
21 (tie)	Grattan Township	$225,000 (±$74,025)
21 (tie)	Spang Township	$225,000 (±$41,993)
23	Carpenter Township	$222,500 (±$16,774)
24	Taconite	$219,600 (±$29,270)
25 (tie)	Deer River Township	$218,800 (±$25,316)

Showing 13 of 50 places in Itasca County, ranked from highest to lowest.

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 Balsam Township (Itasca County)

What is the average home value in Balsam Township (Itasca County), MN?

The Census Bureau publishes the median: $236,000 (±$24,313) for owner-occupied homes in Balsam Township (Itasca County) (2020–2024 American Community Survey).

Have home values in Balsam Township (Itasca County) gone up?

In Balsam Township (Itasca County), the median home value went from $181,500 in 2015–2019 to $236,000 in 2020–2024 (+30.0%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Balsam Township (Itasca County) sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

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 Balsam township, Itasca County, Minnesota (county subdivision:03430, in state:27 county:061).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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.