Balsam Lake, Wisconsin Mortgage and Housing Information

Population: 950
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.

Median price asked in year 2000	$38,800

A comparison of the average prices of homes in Balsam Lake, Wisconsin and the U.S.
	U.S.	Wisconsin	Balsam Lake
Median home value in year 2000	$111,800	$109,900	$75,500

Median owner costs for owner-occupied houses and condos in year **2000**
	U.S.	Wisconsin	Balsam Lake
With a mortgage	$1,088	$1,024	$867
Without a mortgage	$295	$333	$288

Types of mortgages for owner-occupied Single-family Houses in Balsam Lake (2000)
Mortgage Type	Number of Single-family Houses	Percent of total
Without a mortgage	88	41.5%
First Mortgage Only	78	36.8%
Second Mortgage and/or Home Equity Loan	46	21.7%
Total	212	100%

Median age for males and females (2000).
Males	40
Females	48

Males earn $8,566 (50.2%) more than Females in Balsam Lake.

Level of higher education for people over 25 years in Balsam Lake (2000).
Level	Number of Males	Percent of Males	Number of Females	Percent of Females
Some College	80	22.8%	92	26.2%
Associate Degree	14	4.0%	30	8.5%
Bachelor's Degree	34	9.7%	20	5.7%
Master's Degree	13	3.7%	10	2.8%
Professional Degree	3	0.9%	2	0.6%
Doctorate Degree	0	0.0%	0	0.0%
Total (at least some college)	144	41.0%	154	43.4%
Total over 25	351	100%	355	100%

What Will Your Monthly Payment Be?

Purchase Price

Down Payment

Interest Rate

Term of the Loan