Balaton, MN Real Estate
According to census data in the year 2000 there were 295 housing units in Balaton.
This represents a 1% decline from 298 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 295 were located in what is classified as a rural area.
Homeownership rate in Balaton is about 80.2%.
Balaton's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Balaton were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 2.40% |
| Two Bedrooms | 31.50% |
| Three Bedrooms | 46.10% |
| Four Bedrooms | 18% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1941 |
| Median Value of occupied units | $40,900 |
| Median Price asked for vacant units | $21,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.89 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.40% |
| Home Equity Loan | 3% |
| Simple Mortgage | 47.80% |
| Debt Free | 42.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
