HomeMinnesotaLyon CountyBalaton city
Balaton city, Minnesota: commercial real estate data.
Balaton city is a Census city of 551 people across 1.45 square miles of land, in Lyon County. Median household income is $54,688, 74.9 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $431,000.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Balaton
What Balaton is
- Census place typecity
- Land area1.45 sq mi
- Water area0.13 sq mi
- Population per square mile of land380
- County holding the largest share of its areaLyon County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Balaton
How many people live in Balaton
- Population551
- Median age48.6 plus or minus 13.1
- Population under 18127 plus or minus 26
- Share under 1823.0 percent
- Population 65 and over137 plus or minus 43
- Share 65 and over24.9 percent plus or minus 7.0
- Households259
- Family households143 plus or minus 29
- Share of households that are families55.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Balaton
Income and work in Balaton
- Median household income$54,688
- Per capita income$33,950
- Civilian labor force275
- Employed266
- Unemployed9 plus or minus 5
- Unemployment rate3.3 percent plus or minus 1.7
- Adults 25 and over416
- Adults 25 and over with a high school diploma or higher98.1 percent
- Adults 25 and over with a bachelor degree or higher15.4 percent plus or minus 5.1
- Adults 25 and over with a graduate degree3.1 percent plus or minus 3.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Balaton
Housing in Balaton
- Housing units279
- Occupied units259
- Vacant units20 plus or minus 19
- Vacancy rate7.2 percent plus or minus 6.7
- Owner occupied194
- Renter occupied65 plus or minus 18
- Ownership rate74.9 percent
- Median owner-occupied home value$94,000 plus or minus $23,200
- Median gross rent, monthly$1,138
- Annual rent as a share of median income25.0 percent
- Single family units256
- Share single family91.8 percent
- Units in buildings of two or more23 plus or minus 19
- Share in buildings of two or more8.2 percent plus or minus 6.5
- Mobile homes0
- Median year structure built1951
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Balaton
How Balaton gets to work
- Workers 16 and over who commute228 plus or minus 47
- Commuting under 15 minutes50 plus or minus 19
- Share commuting under 15 minutes21.9 percent plus or minus 6.8
- Commuting 30 minutes or more57 plus or minus 19
- Share commuting 30 minutes or more25.0 percent plus or minus 6.5
- Drove alone78.2 percent
- Carpooled9.3 percent plus or minus 3.9
- Public transport0.0 percent
- Walked1.2 percent plus or minus 1.1
- Worked from home11.3 percent plus or minus 5.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Balaton
SBA loans in Balaton (7(a))
- Approvals1
- Gross approval$431,000
- Average approval$431,000
- Median approval$431,000
- Ninetieth percentile approval$431,000
- Largest approval$431,000
- Jobs supported1
- Jobs per approval1.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Balaton
SBA loans in Balaton (504)
- Approvals1
- Gross approval$385,000
- Average approval$385,000
- Median approval$385,000
- Largest approval$385,000
- Jobs supported2
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Lyon County, not Balaton
Lyon County context, not Balaton figures
These are Lyon County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Balaton measurements.
- Establishments in Lyon County814
- Employment at those establishments, Lyon County12,732
- Covered employment, Lyon County13,763
- Average annual pay, Lyon County$52,859
- Average weekly wage, Lyon County$1,017
- Housing units permitted, Lyon County92
- Of those, single family, Lyon County20
- County product, 2024, Lyon County$2,099,962,000
- County product change over the prior year, Lyon County5.4 percent
- Average income of an arriving household, Lyon County$47,981
Every figure in this section is published for Lyon County as a whole and is not a measurement of Balaton. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Balaton questions, answered from the record.
How many people live in Balaton, Minnesota?
551, in 259 households. Balaton city covers 1.45 square miles of land, which is 380 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Balaton in?
Lyon County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Balaton?
$54,688. The median owner-occupied home is valued at $94,000. Median gross rent is $1,138 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Balaton businesses?
1 7(a) approvals totalling $431,000, across 1 lenders, median approval $431,000, plus 1 504 approvals worth $385,000. These count approvals to borrowers whose address is in Balaton, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Balaton borrowers get paid back?
No rate is published for Balaton. only 1 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Balaton figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Lyon County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Balaton.
Is zoning published for Balaton?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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