Housing in Balsam Lake, WI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$397,762
Balsam Lake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Balsam Lake is highlighted.
Median Home Value
53rd%ilemost expensive$188,600show rank
Median Rent
60th%ilemost expensive rent$1,063show rank
Rent Burden
88th%ilehighest rent burden26.3%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$188,600
Median Rent
$1,063
Total Housing Units
641
Vacancy Rate
40.4%
Owner Occupied
82.7%
Renter Occupied
17.3%
Median Property Tax
$2,578
per year
Monthly Cost (w/ Mortgage)
$912
Housing Types
Single Family75.3%
Multi-Family7.5%
Mobile Home17.2%
The median home value in Balsam Lake, WI is $188,600. According to Zillow, the home value index for Balsam Lake is $397,762. The median rent is $1,063 per month (Census ACS). About 82.7% of housing units are owner-occupied. The median year homes were built is 1978. There are 641 total housing units.