Balsam Lake

Population: 819
Median household income: $48,468
Median home value: $188,600

Balsam Lake is a community in Polk County, Wisconsin, home to 819 residents. Its median household income of $48,468 runs below the Polk County figure of $76,208.

Between 2019 and 2023, Balsam Lake's population grew 2.4% from 800 to 819, while its median home value rose 41.3% from $133,500 to $188,600.

Owners occupy 82.7% of the area's occupied homes. The median resident is 50.6 years old.

Demographics

ACS 2019–2023

Population: 819
Median age: 50.6 yrs
Median household income: $48,468
Median home value: $188,600
Median gross rent: $1,063
Housing units: 641
Homeownership rate: 82.7%
Bachelor's degree or higher: 20.1%
Unemployment rate: 7.3%

Trends

ACS 5-year · 2019–2023

Population

800819

Median household income

$40,968$48,468

Median home value

$133,500$188,600

Median gross rent

$822$1,063

Year	Population	Median household income	Median home value	Median gross rent
2019	800	$40,968	$133,500	$822
2020	874	$41,908	$127,600	$829
2021	898	$44,965	$141,200	$1,042
2022	834	$47,857	$170,800	$1,148
2023	819	$48,468	$188,600	$1,063

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 52.4%

5 to 1711.6%

18 to 247.0%

25 to 3414.9%

35 to 4411.8%

45 to 547.4%

55 to 6413.8%

65 to 7415.4%

75 and over15.6%

	Count	Share
Under 5	20	2.4%
5 to 17	95	11.6%
18 to 24	57	7.0%
25 to 34	122	14.9%
35 to 44	97	11.8%
45 to 54	61	7.4%
55 to 64	113	13.8%
65 to 74	126	15.4%
75 and over	128	15.6%

Race & ethnicity

	Count	Share
White (non-Hispanic)	757	92.4%
Black or African American	15	1.8%
American Indian & Alaska Native	1	0.1%
Asian	10	1.2%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	11	1.3%
Hispanic or Latino (any race)	25	3.1%

Educational attainment (age 25+)

No high school diploma11.9%

High school graduate34.9%

Some college or associate's33.1%

Bachelor's degree14.4%

Graduate or professional degree5.7%

	Count	Share
No high school diploma	77	11.9%
High school graduate	226	34.9%
Some college or associate's	214	33.1%
Bachelor's degree	93	14.4%
Graduate or professional degree	37	5.7%

Commute to work

Mean travel time to work: 25 min

Drove alone74.6%

Carpooled6.9%

Public transit0.0%

Walked10.3%

Bicycle0.0%

Worked from home7.2%

Other means1.0%

How workers get to work

	Count	Share
Drove alone	217	74.6%
Carpooled	20	6.9%
Public transit	0	0.0%
Walked	30	10.3%
Bicycle	0	0.0%
Worked from home	21	7.2%
Other means	3	1.0%

Travel time

	Count	Share
Under 15 min	99	36.7%
15 to 29 min	82	30.4%
30 to 44 min	37	13.7%
45 to 59 min	18	6.7%
60+ min	34	12.6%

Households

Average household size: 1.99
Poverty rate: 15.7% (117 of 747)

	Count	Share
Family households	187	49.0%
Nonfamily households	195	51.0%

Housing

Median year structure built: 1978

Occupancy

	Count	Share
Occupied	382	59.6%
Vacant	259	40.4%

Tenure (of occupied units)

	Count	Share
Owner-occupied	316	82.7%
Renter-occupied	66	17.3%

1-unit, detached73.0%

1-unit, attached2.3%

2 to 4 units2.7%

5 to 19 units4.8%

20 or more units0.0%

Mobile home & other17.2%

Units in structure

	Count	Share
1-unit, detached	468	73.0%
1-unit, attached	15	2.3%
2 to 4 units	17	2.7%
5 to 19 units	31	4.8%
20 or more units	0	0.0%
Mobile home & other	110	17.2%

Geography

Place GEOID: 5504475
Type (LSAD): 47
Land area: 2.22 sq mi
Water area: 1.24 sq mi
Center point: 45.4620, -92.4471