Real Estate Investing in Balaton, Minnesota

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 1,262 • Lyon

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Should you buy in Balaton, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (66/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 8.6% vacancy may signal weakening demand.

What’s happening in Balaton, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.2% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $226,654
Avg Monthly Rent $1,116
ZIP Codes 1

Investing in Balaton Real Estate

Balaton in Minnesota is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

Balaton is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. clearly out-of-state investors should be especially careful with the assumptions they carry in.

The $1,116/mo / $227K relationship in Balaton looks underwhelming once vacancy and capex are incorporated into underwriting. appears to the realized yield tends to disappoint.

Balaton's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Balaton, MN. Anonymous, moderated, never written by AI.

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Avg Home Value
$226,654
Avg Monthly Rent
$1,116
1% Rule
✗ Below
Landlord Friendly (MN)

ZIP Codes in Balaton, MN

Screen every ZIP in Balaton

Filter Balaton’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Balaton, MN

How do experienced investors play Balaton, MN?

For Balaton, MN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

How do home values compare in Balaton, MN?

Median home price in Balaton, MN is near $227K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.

What are rental rates like in Balaton, MN?

Balaton, MN rentals go for roughly $1,116/mo a month. That puts gross yield in solid territory relative to $227K acquisition costs.

What kind of tenants rent in Balaton, MN?

Tenant demand in Balaton, MN is solid. The local workforce $1,116/mo rents across most rental classes.

Is real estate in Balaton, MN a good investment right now?

Investors tracking Balaton, MN will find a 3.0/5 rating supported by $227K median home values and $1,116/mo rents. That profile suits long-term holders targeting reliable returns.

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