MN area data
Balaton, MN
Balaton, MN.
Population: 1,123 (Census ACS)
Home values & appreciation
- Median home value
- $226,654
- 1-year appreciation
- +12.1%
- 3-year appreciation
- +18.3%
- 5-year appreciation
- +32.7%
- 10-year appreciation
- +53.1%
- All-time peak (2026-07)
- $226,654
- House Price Index
- 429.3 (+3.3% YoY)
Market activity
- Median sale price
- $238,750
- Median list price
- $160,000
- Median days on market
- 84.5 days
- Sale-to-list ratio
- 98.9%
- Active listings
- 4
- 1-year forecast
- +2.5%
Rents
- 2-bedroom fair-market rent (HUD reference)
- $1,176/mo
- 3BR fair-market rent
- $1,529/mo
Affordability
- Cost of living index (Below Average)
- 90.0 (100 = US avg)
- Electricity rate (state-level)
- 15.8¢/kWh
- Natural gas rate (state-level)
- $11.00/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Natural hazards & flood risk
- Overall hazard risk
- Relatively Low
- Top hazards
- winterWeather, coldWave, drought
- FEMA flood zone
- X
- Flood risk level
- Minimal
Climate (30-year normals)
- Average annual temperature
- 47.0°F
- Average high
- 55.0°F
- Average low
- 39.0°F
- Annual precipitation
- 32.5 in
- Annual snowfall
- 41.4 in
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 46
- Days with Good air quality
- 206
- Days with Unhealthy air quality
- 3
Walkability & transit
- Walkability index
- 2.3 / 20
- Transit service frequency
- -99,999
Amenities
- National parks within ~60 mi
- 1
- Nearest national park
- Pipestone National Monument (25 mi)
- Nearest airport
- Dairyview Airport (11 mi)
- Hospitals nearby (~15 mi)
- 2
- Solar radiation rating
- Fair (3.9 kWh/m²/day)
Migration
- Net migration
- -119 tax filers
Housing stock
- Median year housing built
- 1,954
- Median annual property tax
- $1,375
- Mean commute to work
- 23 min
- Households with broadband internet
- 62.7%
Employment & development
- Total county employment
- 11,413
- Average weekly wage
- $995
- Top industries (by employment)
- Health Care, Finance & Insurance, Accommodation & Food
- Annual residential building permits (county)
- 20
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →