What is the median home value in Balsam Lake, WI?

Name: Home values in Balsam Lake, WI, 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 Lake, WI is $210,200 (±$48,496), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Balsam Lake, the median home value went from $133,500 in 2015–2019 to $210,200 in 2020–2024 (+57.5%).

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: $210,200 (±$48,496)
Owner-occupied homes: 309 (±54)
Most common range: $300,000 to $499,999

Home values in Balsam Lake

Owner-occupied homes by value, 2020–2024
Value	Balsam Lake	Polk County	Wisconsin	United States
Less than $50,000	20.1% (±6.1 points)	5.3%	4.0%	5.3%
$50,000 to $99,999	6.1% (±2.7 points)	4.9%	5.1%	6.1%
$100,000 to $149,999	15.9% (±8.1 points)	8.8%	8.9%	6.8%
$150,000 to $199,999	6.1% (±3.6 points)	13.3%	14.1%	9.0%
$200,000 to $299,999	14.6% (±6.8 points)	24.5%	25.5%	17.8%
$300,000 to $499,999	23.9% (±7.2 points)	31.6%	29.4%	26.9%
$500,000 to $999,999	7.8% (±3.6 points)	9.7%	11.4%	20.9%
$1,000,000 or more	5.5% (±4.8 points)	1.9%	1.7%	7.1%

The most common range is $300,000 to $499,999, 23.9% 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 Lake against Polk County, its state and the nation

Estimate (90% margin of error)
	Balsam Lake	Polk County	Wisconsin	United States
Median home value	$210,200 (±$48,496)	$271,900 (±$7,974)	$266,500 (±$1,051)	$332,700
Owner-occupied homes	309 (±54)	15,833 (±302)	1,682,214 (±9,276)	84,210,142

In Balsam Lake, the median home value is lower than in Polk County ($271,900).

It is also lower than in Wisconsin ($266,500).

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

In Polk County, Balsam Lake ranks 24 of 35 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 1228 of 1,846.

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

How home values in Balsam Lake 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	$133,500 (±$28,669)	$210,200 (±$48,496)	+57.5%	No measurable change after inflation
Median owner cost with a mortgage	$1,350 (±$172)	$1,363 (±$227)	+1.0%	No measurable change after inflation
Median real estate taxes	$2,439 (±$606)	$2,609 (±$444)	+7.0%	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 Lake

Nearest places with a published estimate, compared with Balsam Lake
Place	Distance	Median home value	Compared with this place
Balsam Lake	—	$210,200 (±$48,496)	—
Town of Milltown	3.2 mi	$330,500 (±$26,619)	Higher
Town of Balsam Lake	3.5 mi	$309,300 (±$39,307)	Higher
Milltown	4.8 mi	$123,100 (±$23,360)	Lower
Town of Apple River	5.1 mi	$263,300 (±$40,229)	Not measurably different
Centuria	5.5 mi	$145,600 (±$33,241)	Lower
Town of Georgetown (Polk County)	6.5 mi	$303,400 (±$54,743)	Higher
Town of St. Croix Falls	6.8 mi	$262,100 (±$63,280)	Not measurably different
Luck	8.0 mi	$167,500 (±$15,647)	Not measurably different

Nearby places with a measurably lower figure: Milltown, WI ($123,100), Centuria, WI ($145,600).

Nearby places with a measurably higher figure: Town of Milltown, WI ($330,500), Town of Balsam Lake, WI ($309,300), Town of Georgetown (Polk County), WI ($303,400).

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

Median home value across Polk County, place by place

Rank	Place	Median home value
18	Town of St. Croix Falls	$262,100 (±$63,280)
19	St. Croix Falls	$249,400 (±$18,684)
20	Town of Laketown	$234,900 (±$25,348)
21	Town of West Sweden	$231,400 (±$17,379)
22	Osceola	$230,600 (±$28,520)
23	Town of McKinley (Polk County)	$219,700 (±$17,905)
24	Balsam Lake	$210,200 (±$48,496)
25	Town of Lorain	$208,600 (±$18,856)
26	Town of Sterling (Polk County)	$207,100 (±$75,085)
27	Town of Clam Falls	$206,300 (±$29,263)
28	Clear Lake	$198,700 (±$42,636)
29	Dresser	$196,100 (±$25,075)
30	Amery	$183,000 (±$44,147)

Showing 13 of 35 places in Polk 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 Lake

What is the average home value in Balsam Lake, WI?

The Census Bureau publishes the median: $210,200 (±$48,496) for owner-occupied homes in Balsam Lake (2020–2024 American Community Survey).

Have home values in Balsam Lake gone up?

In Balsam Lake, the median home value went from $133,500 in 2015–2019 to $210,200 in 2020–2024 (+57.5%).

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 Lake 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 Lake village, Wisconsin (place:04475, in state:55).

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.