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Balsam Lake, WI Real Estate


According to census data in the year 2000 there were 694 housing units in Balsam Lake. This represents a 5.2% growth from 660 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 694 were located in what is classified as a rural area.

Homeownership rate in Balsam Lake is about 76.2%. Balsam Lake's vacancy rate, including seasonal lodging, is about 38.9%. Average household size is 2.16 people.

The majority of houses, apartments or condos in Balsam Lake were built after 1973.

Statistics

Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom11%
Two Bedrooms46.50%
Three Bedrooms33.70%
Four Bedrooms6.50%
Five Bedrooms or more1.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.25
Median year structure was built1974
Median Value of occupied units$87,300
Median Price asked for vacant units$38,800

Rented Homes, Apartments and Condos

Average Household Size1.86
Median year structure was built1970
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.50%
Home Equity Loan14.20%
Simple Mortgage36.80%
Debt Free41.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.6%