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Balsam Lake, WI

View of Balsam Lake, WI
Image credit: Royalbroil / CC BY-SA 4.0
Population
945
U.S. Census Population Estimates Program · 2025
Elevation
1,161 ft
Median Home Value
$210,200
U.S. Census American Community Survey 5-Year · 2024
Median Rent
$975/mo
U.S. Census American Community Survey 5-Year · 2024
Median Income
$52,011
U.S. Census American Community Survey 5-Year · 2024
General Quality
Overall rating out of 100

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OverallBest places in WisconsinPopulation rankingHighest population places in WisconsinNearest larger communityNew Richmond, Wisconsin24 miles away · 10,988 residents.

About Balsam Lake

Balsam Lake blends classic Wisconsin lake living with the practical conveniences of being the Polk County seat. The centerpiece of daily life is the sprawling lake itself, covering over 2,000 acres with dozens of quiet bays, wooded islands, and endless room for pontoon cruises and walleye fishing. On shore, Main Street serves as a welcoming community hub, bringing together local diners, lakeside parks, and county services into an easygoing downtown area.

Balsam Lake

Families are served by the Unity School District, which conveniently houses elementary through high school students on one central campus a few miles north. Community traditions like the annual Freedom Fest bring everyone to the waterfront in the summer, while winter snowmobile trails and ice fishing tournaments keep things lively in the colder months. Between cozy lakeside cabins and peaceful wooded homesteads, it is an easy place to find your own quiet corner while staying connected to friendly neighbors.

Top Rating Signals

Highest current ratings for this town.

Lower County Wildfire Hazard Potential ClassA+100.0ratingLower FEMA County Hurricane Risk IndexA+100.0ratingLower Projected Late-Century County-Area Exposure to Sea-Level RiseA+100.0rating

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