The housing market in Balaton, MN is relatively affordable compared to the U.S. average, with a median house value of $82,300 as of 2021. In comparison, the U.S. median home value is almost four times higher at $338,100. Despite this difference in price point, Balaton has seen an even higher appreciation rate than the U.S., almost 1% more at 9.54%. This indicates that Balaton's housing market is on the rise and it could be a great investment opportunity for those looking to buy in the area.
The median home cost in Balaton is $82,300. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Balaton is up 14.7%.
Average Age of Homes
- The median age of Balaton real estate is 64 years old
The Rental Market in Balaton
- Renters make up 17.2% of the Balaton population
- 0.0% of houses and apartments in Balaton, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.