Housing in Balaton, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$145,250
Median List Price
$40,000
Price Per Sq Ft
$65
Days on Market
64
Active Inventory
4
Months of Supply
2.0
Seller's market
Zillow Home Value
$91,793
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
95.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
1
Pending Sales
2
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$65
Median List $/SF
$23
Balaton vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Balaton is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$85,000
Median Rent
$1,081
Total Housing Units
279
Vacancy Rate
9.7%
Owner Occupied
76.2%
Renter Occupied
23.8%
Median Property Tax
$1,125
per year
Monthly Cost (w/ Mortgage)
$747
Housing Types
The current median sale price in Balaton, MN is $145,250 according to Redfin data. Homes spend a median of 64 days on the market. 0.0% of homes sold above asking price. The market has 2.0 months of supply. The median price per square foot is $65. The median rent is $1,081 per month (Census ACS). About 76.2% of housing units are owner-occupied. The median year homes were built is 1950. There are 279 total housing units.