Home prices
The price of the median home in Balsam Lake is $133,500. This is about $7,240 (5%) higher compared to the surrounding areas.In comparison to the entire nation it is approximately $84,000 (38%) lower, and is about $118,100 (46%) lower in comparison to the city of Minneapolis.
Rents
In Balsam Lake the median monthly rent is $822. This is about $148 (21%) higher compared to its surrounding areas.It is roughly $240 (22%) lower compared to the entire country, and compared to the city of Minneapolis is roughly $205 (19%) lower.
Nearby places
Centuria
Centuria is approximately 4 miles west of Balsam Lake. Real estate prices there are a lot less expensive. The median home in Centuria costs $94,800, which comes out to $38,700 (40%) lower than Balsam Lake. Rent there is a bit less expensive. In Centuria the median monthly rent is $643, which works out to $179 (27%) lower than Balsam Lake.
Milltown
Milltown is approximately 4 miles northwest of Balsam Lake. Its real estate prices are significantly less expensive. The cost of the median home in Milltown is $91,000, which works out to $42,500 (46%) lower than Balsam Lake. Its rents are significantly less expensive. In Milltown the median monthly rent is $598, which works out to $224 (37%) lower than Balsam Lake.
Luck
Luck is approximately 7 miles north from Balsam Lake. Housing prices there are a little less expensive. The price of the median home in Luck is $107,500, which works out to $26,000 (24%) lower than Balsam Lake. The rent there is a bit less expensive. Luck's median monthly rent is $726, which works out to $96 (13%) lower than Balsam Lake.
St. Croix Falls
St. Croix Falls is roughly 7 miles southwest from Balsam Lake. Housing prices there are a little more expensive. The median home in St. Croix Falls costs $156,100, which comes out to $22,600 (14%) higher than Balsam Lake. The rent there is somewhat less expensive. The median rent in St. Croix Falls is $738 a month, which comes out to $84 (11%) lower than Balsam Lake.
Taylors Falls
Taylors Falls is about 9 miles west of Balsam Lake. Real estate prices there are somewhat more expensive. The value of the median home in Taylors Falls is $181,900, which works out to $48,400 (26%) higher than Balsam Lake. The rent there is somewhat less expensive. In Taylors Falls the median rent is $667 per month, which is $155 (23%) lower than Balsam Lake.
