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Balaton, MN Real Estate

Balaton, Minnesota is located in Lyon County. Nearby cities and towns include Garvin, Russell, Florence, The Lakes, Lynd, Ruthton, Tracy, Tyler, Currie, Marshall, Hadley, Lake Wilson, Slayton, Arco, Holland, Woodstock, Ghent, Walnut Grove, Dovray, Milroy, Lake Benton, Chandler, Iona, Avoca, Minneota, Ivanhoe, and Hatfield. Balaton is a rural community with a population of 664. The median household income is $43,067. In Balaton, 58% of residents are married, and families with children reside in 30% of the households. Half the population of Balaton commutes 22 minutes or less to work, with 65% of residents holding white collar jobs and 35% residents holding blue collar jobs. The median age of homes in Balaton, MN is 51 years, with 71% of those homes owned, 18% rented, and 12% not occupied. In the previous year, 12 Balaton properties were sold. The median sale price of a home in Balaton in the previous year was $76,800.

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Balaton, MN Local Market & Demographic Data

Married vs. single

Balaton, MN
  • 42% Single
  • 58% Married
Minnesota
  • 47% Single
  • 53% Married

Male VS. Female

Balaton, MN
  • 52% Female
  • 48% Male
Minnesota
  • 50% Female
  • 50% Male

Average Age of Citizens in Balaton, MN

  • 40
  • 38
  • Balaton, MN
  • Minnesota

Average Age of Homes in Balaton, MN

  • 51
  • 31
  • Balaton, MN
  • Minnesota

Vacant Homes in Balaton, MN

  • 12%
  • 12%
  • Balaton, MN
  • Minnesota

Average INCOME of Citizens

  • $43,338
  • $75,284
  • Balaton, MN
  • Minnesota

Owned Homes vs. Rented Homes

Balaton, MN
  • 71% Owned
  • 18% Rented
Minnesota
  • 63% Owned
  • 25% Rented