Wisconsin · Census place 04475
Balsam Lake village, WI
Quick answer
Balsam Lake village has 819 residents, ranking #433 of 807 places in Wisconsin. Median household income is $48,468, the median home is worth $188,600 and median gross rent runs $1,063 a month.
- Population
- 819Balsam Lake village residents
- Median household income
- $48,468Past 12 months, inflation adjusted
- Median home value
- $188,600Owner-occupied units
- Median gross rent
- $1,063Rent plus utilities, monthly
- Median age
- 50.6 yrsAll residents
- Homeownership rate
- 82.7%Owner-occupied households
What the numbers mean in Balsam Lake village
Housing cost measured against local earnings.
A household earning the Balsam Lake village median would spend about 26.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.7% of residents and 82.7% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
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