ZIP Code 56115

Balaton, MN — income, home value, property tax, and sales tax.

Median household income
$64,000
Per-capita income
$37,777
Median home value
$200,700
Property tax rate
1.06%
Combined sales tax
6.88%

With a median household income of $64,000 and per-capita income of $37,777, ZIP code 56115, centered on Balaton, sits squarely in middle-income territory rather than among affluent areas. Homes here carry a median value of $193,300, and the county-level effective property tax rate of 1.06% means owners pay roughly $2,049 annually on a house at that price. Sales tax across the area totals 6.88%. Taken together, these figures describe a community where earnings support homeownership without steep taxation, and where everyday purchases carry a moderate combined rate.

See how Balaton, MN taxes stack up

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