Balsam Lake, WI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Balsam Lake short-term rental market based on reliable data.

Listings

66 / 132

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$36,365

Middle-Earners Revenue

Occupancy

44%

Middle-Earners Occupancy

Home Value

$420,538

Median Home Sale Price

Top Earners

$72,238

Top-Earners Revenue

Balsam Lake

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Balsam Lake.

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B

Generally Investor friendly

Balsam Lake Regulations

STRs are clearly allowed countywide with a defined pathway, but operators must obtain multiple licenses (state DATCP lodging license, county Tourist Rooming House land‑use permit, health and building approvals) and meet health, septic, parking, setback and advertising conditions. Operational limits—minimum 7‑day stays, 180‑day annual cap, quiet hours, surveyed boundaries, impervious parking and required disclosures—are moderate and clear, making compliance a known process with acceptable risk for investors.

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About Balsam Lake

Balsam Lake is a small village in Polk County, Wisconsin, serving as the county seat with a population of roughly 1,000 residents. Tucked into the northwestern corner of the state in a region often called Wisconsin's lake country, it has a quiet, outdoorsy character shaped by its namesake lake, surrounding woodlands, and the nearby St. Croix River valley. The village is best known as a year-round base for fishing, boating, and snowmobiling, and as a launching point for exploring the chain of glacial lakes that defines the area. It sits approximately 60 to 70 miles northeast of Minneapolis–Saint Paul, putting it within an easy drive for weekend visitors from the Twin Cities.

Balsam Lake the lake itself is the area's central feature, covering several thousand acres and providing fishing, boating, swimming, and quiet shoreline scenery. It is known locally for populations of walleye, bass, and panfish, and public access points make it straightforward for visitors to enjoy the water without a private dock.

The St. Croix National Scenic Riverway runs along the Minnesota–Wisconsin border just west of the village, protecting roughly 200 miles of the St. Croix and Namekagon Rivers. From Balsam Lake, it is a short drive to several river access points where visitors can canoe, kayak, or float calm stretches that feel far removed from urban life.

Interstate State Park sits a few miles west of the village near St. Croix Falls, with the corresponding Minnesota section across the river at Taylors Falls. The park is known for its glacial potholes, basalt cliffs, and overlooks along the Dalles of the St. Croix, and offers hiking trails, rock climbing, and scenic river views that draw visitors in every season.

The wider Polk County landscape is laced with smaller lakes, ATV and snowmobile trails, and rolling farmland. The nearby town of St. Croix Falls offers a small downtown with shops, restaurants, and seasonal event space, and the Trollhaugen ski area lies within a short drive for winter guests.

Balsam Lake's blend of small-town atmosphere, abundant water access, and proximity to both the Twin Cities and a cluster of distinctive outdoor destinations makes it a natural fit for short-term rentals. Visitors can settle into a lakeside cottage and reach a surprising variety of experiences within half an hour, from quiet fishing mornings to river paddling, cliffside hiking, and winter sports, all without the crowds of Wisconsin's larger resort communities.

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