What percentage of people rent in Balsam Lake, WI?

Name: Renters and owners in Balsam Lake, WI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

19.3% (±6.7 points) of the occupied homes in Balsam Lake, WI are rented (2020–2024 American Community Survey).

That is 74 renting households against 309 that own their home.

In Balsam Lake, the share of households that rent went from 28.0% in 2015–2019 to 19.3% in 2020–2024 (−8.7 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 19.3% (±6.7 points)
Renting households: 74 (±27)
Median renter income: $32,143 (±$3,175)

Who rents and who owns in Balsam Lake

Tenure, estimate (90% margin of error)
	Balsam Lake	Polk County	Wisconsin	United States
Renter-occupied share	19.3% (±6.7 points)	19.0% (±1.5 points)	32.2% (±0.3 points)	34.8%
Renting households	74 (±27)	3,709 (±316)	797,266 (±6,241)	45,017,354
Owning households	309 (±54)	15,833 (±302)	1,682,214 (±9,276)	84,210,142
Average renter household size	1.2 (±0.2)	1.9 (±0.1)	2.0 (±0.0)	2.3
Average owner household size	2.0 (±0.2)	2.4 (±0.0)	2.5 (±0.0)	2.6
Median renter household income	$32,143 (±$3,175)	$47,788 (±$3,443)	$48,374 (±$478)	$52,966
Median owner household income	$57,083 (±$8,065)	$85,668 (±$2,613)	$95,874 (±$462)	$100,009

In Balsam Lake, the renter share is not measurably different from Polk County (19.0%).

It is also lower than in Wisconsin (32.2%).

It is lower than the national figure (34.8%).

In Polk County, Balsam Lake ranks 11 of 35 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 593 of 1,848.

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

How renting in Balsam Lake has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	28.0% (±8.8 points)	19.3% (±6.7 points)	−8.7 percentage points	Not a measurable change
Median gross rent	$822 (±$137)	$975 (±$737)	+18.6%	No measurable change after inflation
Median household income	$40,968 (±$3,321)	$52,011 (±$3,424)	+27.0%	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.

Households that rent in places near Balsam Lake

Nearest places with a published estimate, compared with Balsam Lake
Place	Distance	Households that rent	Compared with this place
Balsam Lake	—	19.3% (±6.7 points)	—
Town of Milltown	3.2 mi	6.1% (±4.2 points)	Lower
Town of Balsam Lake	3.5 mi	10.6% (±4.5 points)	Lower
Milltown	4.8 mi	38.4% (±9.5 points)	Higher
Town of Apple River	5.1 mi	10.7% (±5.7 points)	Not measurably different
Centuria	5.5 mi	43.7% (±10.9 points)	Higher
Town of Georgetown (Polk County)	6.5 mi	15.8% (±8.1 points)	Not measurably different
Town of St. Croix Falls	6.8 mi	15.8% (±6.1 points)	Not measurably different
Luck	8.0 mi	34.7% (±8.3 points)	Higher

Nearby places with a measurably lower figure: Town of Milltown, WI (6.1%), Town of Balsam Lake, WI (10.6%).

Nearby places with a measurably higher figure: Milltown, WI (38.4%), Centuria, WI (43.7%), Luck, WI (34.7%).

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

Households that rent across Polk County, place by place

Rank	Place	Households that rent
5	Frederic	37.8% (±8.4 points)
6	Amery	37.0% (±9.3 points)
7	Luck	34.7% (±8.3 points)
8	Clayton	34.6% (±11.1 points)
9	Clear Lake	30.4% (±8.9 points)
10	Dresser	23.3% (±6.4 points)
11	Balsam Lake	19.3% (±6.7 points)
12	Town of Johnstown (Polk County)	16.2% (±7.3 points)
13 (tie)	Town of Georgetown (Polk County)	15.8% (±8.1 points)
13 (tie)	Town of St. Croix Falls	15.8% (±6.1 points)
15	Town of West Sweden	15.3% (±6.2 points)
16	Town of Clayton (Polk County)	14.6% (±10.1 points)
17	Town of Luck	11.1% (±5.6 points)

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

How many renters are there in Balsam Lake?

Balsam Lake has an estimated 74 (±27) renting households, 19.3% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Balsam Lake?

In Balsam Lake, the share of households that rent went from 28.0% in 2015–2019 to 19.3% in 2020–2024 (−8.7 percentage points), not a measurable change.

How big are renting households in Balsam Lake?

A renting household in Balsam Lake has 1.2 people on average, against 2.0 in an owned home.

How much do renters earn in Balsam Lake?

The median renting household in Balsam Lake, WI has an income of $32,143 (±$3,175) a year, against $57,083 for households that own their home.

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.