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Learn about the people, housing, costs and businesses in Balaton, Minnesota
Real local data across mortgage, insurance, natural hazard, and place.
Rates, calculators, and lender comparisons
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Balaton.
True all-in cost — P&I, taxes, insurance & utilities for homes in Balaton.
Find and compare lenders active near Balaton.
Homeowners, flood, and specialty coverage estimates
Flood, earthquake, and wildfire risk data
FEMA flood zones and flood insurance estimates for Balaton.
Seismic risk and earthquake insurance estimates for Balaton.
Wildfire exposure and insurance estimates for Balaton.
As of today, the 30-year fixed mortgage rate for Balaton is approximately 6.910% (6.947% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for BalatonThe median home value in Balaton is $175k. The median monthly rent is $1,000. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Balaton have increased 29.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $943/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Balaton is $74k/year.
Calculate your buying powerThe largest employment sectors in Balaton are public administration (29%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.