Home prices
The median home in Balaton is valued at $72,500. This is roughly $47,840 (39%) lower compared to its surrounding areas.In comparison to the US as a whole it is roughly $145,000 (66%) lower, and is roughly $117,300 (61%) lower compared to the city of Sioux Falls.
Rents
Balaton's median monthly rent is $573. In comparison to the surrounding areas this is about $231 (28%) lower.In comparison to the country as a whole it is about $489 (46%) lower, and it is about $254 (30%) lower compared to the city of Sioux Falls.
Nearby places
Garvin
Garvin is roughly 4 miles east from Balaton. The housing prices there are a bit less expensive. The cost of the median home in Garvin is $55,000, which comes out to $17,500 (31%) lower than Balaton. Its rents are a bit more expensive. Garvin's median monthly rent is $705, which comes out to $132 (18%) higher than Balaton.
Russell
Russell is approximately 6 miles northwest from Balaton. Real estate prices there are a bit more expensive. The value of the median home in Russell is $81,100, which comes out to $8,600 (10%) higher than Balaton. Rent there is somewhat more expensive. In Russell the median monthly rent is $660, which comes out to $87 (13%) higher than Balaton.
The Lakes
The Lakes is about 9 miles southeast from Balaton. Housing prices there are a lot more expensive. The median home price in The Lakes is $331,000, which comes out to $258,500 (78%) higher than Balaton. Rent there is a lot more expensive. In The Lakes the median rent is $1,107 a month, which is $534 (48%) higher than Balaton.
Ruthton
Ruthton is approximately 10 miles west of Balaton. Its housing prices are significantly less expensive. The median home value in Ruthton is $51,300, which works out to $21,200 (41%) lower than Balaton. The rent there is somewhat more expensive. The median rent in Ruthton is $771 per month, which is $198 (25%) higher than Balaton.
Lynd
Lynd is roughly 10 miles north from Balaton. Housing prices there are a bit more expensive. The cost of the median home in Lynd is $83,300, which works out to $10,800 (12%) higher than Balaton. Rents there are a bit more expensive. The median rent in Lynd is $779 a month, which is $206 (26%) higher than Balaton.
