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 Type | 1.20% |
| One Bedroom | 11% |
| Two Bedrooms | 46.50% |
| Three Bedrooms | 33.70% |
| Four Bedrooms | 6.50% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.25 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $87,300 |
| Median Price asked for vacant units | $38,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.86 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.50% |
| Home Equity Loan | 14.20% |
| Simple Mortgage | 36.80% |
| Debt Free | 41.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
