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Balsam Lake, WI Housing

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As of 2010-2014, median price of a house in Balsam Lake is $104,200, which is lower than the state average of $165,900 and is much lower than the national average of $175,700. The Balsam Lake median house value has grown by 19.36% since 2000. The growth rate for the price of a house in Balsam Lake is lower than the state average rate of 47.86% and is lower than the national average rate of 46.91%. The median year that a house in Balsam Lake was built is 1976, which is newer than the median year for a house built in the state which is 1972 and is about the same as the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 248 Owner Occupied Houses in Balsam Lake, WI, #511

Balsam Lake, WI	104,200 USD
Wisconsin	165,900 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #592

Balsam Lake, WI	19.36%
Wisconsin	47.86%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Balsam Lake, WI	Wisconsin	U.S.
Total Housing Units	710, see rank, 100%	2,635,602	132,741,033
Occupied Housing Units	346, 48.73%, see rank	87.01%	87.55%
Owner Occupied	248, 34.93%, see rank	58.88%	56.34%
Renter Occupied	98, 13.80%, see rank	28.13%	31.21%
Vacant Housing Units	364, 51.27%, see rank	12.99%	12.45%
For Rent	18, 2.54%, see rank	1.55%	2.34%
For Sale Only	19, 2.68%, see rank	1.14%	1.20%
Rented or Sold, Not Occupied	21, 2.96%, see rank	0.58%	0.92%
For Seasonal, Recreational, or Occasional Use	271, 38.17%, see rank	7.02%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.02%	0.03%
Other Vacant	35, 4.93%, see rank	2.67%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #200

Balsam Lake, WI	Wisconsin	U.S.
1976	1972	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Balsam Lake, WI	%	Wisconsin	U.S.
Owner-Occupied Units	248	100%	1,551,769	74,787,460
With a Mortgage	154	62.10%, see rank	66.34%	65.58%
Without a Mortgage	94	37.90%, see rank	33.66%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Balsam Lake, WI	957 USD
Wisconsin	1,431 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Balsam Lake, WI	%	Wisconsin	U.S.
$299 or Less	0	0.00%, see rank	0.10%	0.20%
$300 to $499	10	6.49%, see rank	1.02%	1.59%
$500 to $699	7	4.55%, see rank	4.21%	5.01%
$700 to $999	66	42.86%, see rank	14.68%	14.32%
$1,000 to $1,499	27	17.53%, see rank	34.81%	27.90%
$1,500 to $1,999	28	18.18%, see rank	24.78%	20.35%
$2,000 to $2,999	16	10.39%, see rank	15.85%	19.52%
$3,000 or More	0	0.00%, see rank	4.55%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Balsam Lake, WI	28.90% of the Total Income
Wisconsin	23.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Balsam Lake, WI	%	Wisconsin	U.S.
10% or Less	6	3.90%, see rank	4.51%	5.86%
10% to 20%	40	25.97%, see rank	33.66%	31.95%
20% to 30%	35	22.73%, see rank	30.65%	27.64%
30% to 40%	27	17.53%, see rank	13.53%	13.74%
40% or More	46	29.87%, see rank	17.33%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Balsam Lake, WI	500 USD
Wisconsin	533 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Balsam Lake, WI	%	Wisconsin	U.S.
$199 or Less	0	0.00%, see rank	2.64%	7.76%
$200 to $299	7	7.45%, see rank	6.41%	14.70%
$300 to $499	40	42.55%, see rank	34.53%	34.63%
$500 to $699	27	28.72%, see rank	33.44%	21.16%
$700 or More	20	21.28%, see rank	22.98%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Balsam Lake, WI	13.20% of the Total Income
Wisconsin	13.70% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Balsam Lake, WI	%	Wisconsin	U.S.
10% or Less	29	30.85%, see rank	33.30%	40.19%
10% to 20%	45	47.87%, see rank	35.42%	31.47%
20% to 30%	10	10.64%, see rank	14.69%	12.24%
30% to 40%	4	4.26%, see rank	6.48%	5.64%
40% or More	6	6.38%, see rank	9.14%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Balsam Lake, WI	Wisconsin	U.S.
Total Housing Units	710, 100%	2,635,602	132,741,033
1-unit, Detached	519, 73.10%, see rank	66.63%	61.65%
1-unit, Attached	0, 0.00%, see rank	4.34%	5.82%
2 Units	14, 1.97%, see rank	6.57%	3.75%
3 or 4 Units	20, 2.82%, see rank	3.79%	4.43%
5 to 9 Units	32, 4.51%, see rank	4.88%	4.78%
10 or More Units	23, 3.24%, see rank	10.13%	13.08%
Mobile Home, Boat, RV, Van, etc.	102, 14.37%, see rank	3.65%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Balsam Lake, WI	Wisconsin	U.S.
Total Housing Units	710, 100%	2,635,602	132,741,033
1 Room	4, 0.56%, see rank	1.60%	1.95%
2 Rooms	26, 3.66%, see rank	2.32%	2.48%
3 Rooms	98, 13.80%, see rank	8.42%	9.13%
4 Rooms	123, 17.32%, see rank	16.51%	16.60%
5 Rooms	198, 27.89%, see rank	20.77%	20.41%
6 Rooms	143, 20.14%, see rank	17.70%	18.06%
7 Rooms	60, 8.45%, see rank	12.69%	12.27%
8 Rooms	13, 1.83%, see rank	8.89%	8.48%
9 Rooms or More	45, 6.34%, see rank	11.10%	10.60%
Median Rooms	5.00, see rank	5.50	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Balsam Lake, WI	Wisconsin	U.S.
Total Housing Units	710, 100%	2,635,602	132,741,033
No Bedroom	4, 0.56%, see rank	1.76%	2.17%
1 Bedroom	67, 9.44%, see rank	9.90%	11.16%
2 Bedrooms	276, 38.87%, see rank	28.88%	26.69%
3 Bedrooms	261, 36.76%, see rank	41.24%	39.70%
4 Bedrooms	77, 10.85%, see rank	14.72%	16.05%
5 or More Bedrooms	25, 3.52%, see rank	3.50%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Balsam Lake, WI	Wisconsin	U.S.
Total Housing Units	346, 100%	2,293,250	116,211,092
Utility Gas	256, 73.99%, see rank	65.30%	48.85%
Bottled, Tank, or LP Gas	12, 3.47%, see rank	10.88%	4.86%
Electricity	53, 15.32%, see rank	14.81%	36.68%
Fuel Oil, Kerosene, etc.	14, 4.05%, see rank	3.02%	5.86%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	11, 3.18%, see rank	4.57%	2.12%
Solar Energy	0, 0.00%, see rank	0.03%	0.05%
Other Fuel	0, 0.00%, see rank	0.94%	0.47%
No Fuel Used	0, 0.00%, see rank	0.44%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Balsam Lake, WI	Wisconsin	U.S.
Occupied Units Paying Rent	93, 100%	709,828	39,201,928
$199 or Less	3, 3.23%, see rank	1.15%	1.50%
$200 to $299	7, 7.53%, see rank	3.37%	3.18%
$300 to $499	12, 12.90%, see rank	9.44%	7.37%
$500 to $699	19, 20.43%, see rank	24.99%	16.01%
$700 to $999	27, 29.03%, see rank	38.29%	29.17%
$1,000 to $1,499	22, 23.66%, see rank	18.34%	26.88%
$1,500 to $1,999	3, 3.23%, see rank	3.01%	9.79%
$2,000 or More	0, 0.00%, see rank	1.41%	6.10%
Median	$771, see rank	$772	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Balsam Lake, WI	Wisconsin	U.S.
Occupied Housing Units	346, 100%	2,293,250	116,211,092
No Vehicles Available	3, 0.87%, see rank	7.13%	9.12%
1 Vehicles Available	131, 37.86%, see rank	32.55%	33.80%
2 Vehicles Available	162, 46.82%, see rank	40.36%	37.48%
3 or More Vehicles Available	50, 14.45%, see rank	19.97%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.