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Balaton, Minnesota Mortgage and Housing Information
Population: 637
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in Balaton
Income
| U.S. | Minnesota | Balaton | |
|---|---|---|---|
| Median Earnings | $23,755 | $25,505 | $20,848 |
| Median Earnings, Males | $29,458 | $31,448 | $27,308 |
| Median Earnings, Females | $18,957 | $20,298 | $17,054 |
Males earn $10,254 (60.1%) more than Females in Balaton.
Commuting in Balaton
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 232 |
| Carpooled | 46 |
| Public Transit | 4 |
| Bicycle | 0 |
| Walking | 2 |
| Other Means | 5 |
| Total, Commuted | 289 |
| Worked from home | 8 |
| Total | 297 |
Time Spent Commuting in Balaton
Time spent commuting in Balaton
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 30 |
| 5-9 | 38 |
| 10-14 | 10 |
| 15-19 | 9 |
| 20-24 | 88 |
| 25-29 | 50 |
| 30-34 | 47 |
| 35-39 | 5 |
| 40-44 | 2 |
| 45-59 | 0 |
| 60-89 | 5 |
| Over 90 | 5 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 38 | 21.0% | 66 | 36.5% |
| Associate Degree | 10 | 5.5% | 17 | 9.4% |
| Bachelor's Degree | 19 | 10.5% | 26 | 14.4% |
| Master's Degree | 2 | 1.1% | 0 | 0.0% |
| Professional Degree | 7 | 3.9% | 0 | 0.0% |
| Doctorate Degree | 0 | 0.0% | 0 | 0.0% |
| Total (at least some college) | 76 | 42.0% | 109 | 47.4% |
| Total over 25 | 181 | 100% | 230 | 100% |
Housing in Balaton
Cost of Single-Family Houses
| Median price asked in year 2000 | $21,300 |
|---|
Value of Houses and Condos
| U.S. | Minnesota | Balaton | |
|---|---|---|---|
| Median home value in year 2000 | $111,800 | $118,100 | $41,400 |
Monthly Owner Costs
| U.S. | Minnesota | Balaton | |
|---|---|---|---|
| With a mortgage | $1,088 | $1,044 | $565 |
| Without a mortgage | $295 | $271 | $259 |
Tenancy in Balaton
| Owner-occupied homes | 221 |
|---|---|
| Renter-occupied homes | 55 |
| Homes for sale | 10 |
| Homes for rent | 4 |
| Total | 296 |
Ownership of Single-family Houses
Types of mortgages for owner-occupied Single-family Houses in Balaton (2000)
| Mortgage Type | Number of Single-family Houses | Percent of total |
|---|---|---|
| Without a mortgage | 87 | 42.9% |
| First Mortgage Only | 97 | 47.8% |
| Second Mortgage and/or Home Equity Loan | 19 | 9.4% |
| Total | 203 | 100% |
Age of Balaton Residents
| Males | Females |
|---|---|
| 33 | 39 |
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