Balsam median real estate price is $164,422, which is less expensive than 65.4% of Michigan neighborhoods and 79.8% of all U.S. neighborhoods.
The average rental price in Balsam is currently $1,083, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 93.4% of Michigan neighborhoods.
Balsam is a remote neighborhood (based on population density) located in Crystal Falls, Michigan.
Balsam real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Balsam neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Balsam. The current real estate vacancy rate here is 48.9%. This is higher than the rate of vacancies in 98.5% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (45.1%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Crystal Falls, the Balsam neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Unpopulated, and rural, the Balsam neighborhood is one of the least crowded neighborhoods in all of America. If you like open space, no traffic, and lots of room, this neighborhood may be just what you are looking for. According to NeighborhoodScout's leading research, this neighborhood is less densely populated than 98.1% of the neighborhoods in America. One of the notable things about Balsam is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.
In addition, despite all of the residential real estate here in the Balsam neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 48.9%, which is higher than 98.5% of all U.S. neighborhoods.
If you're nearing retirement age, or in retirement, the Balsam is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 9.4% of retiree-friendly neighborhoods in Michigan, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Michigan.
Did you know that the Balsam neighborhood has more Finnish and Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.2% of this neighborhood's residents have Finnish ancestry and 2.6% have Danish ancestry.
Balsam is also pretty special linguistically. Significantly, 11.2% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 98.5% of the neighborhoods in America.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Balsam neighborhood in Crystal Falls are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.1% of U.S. neighborhoods. In addition, 8.8% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 54.4% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Balsam neighborhood, 33.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 22.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.9%), and 21.1% in clerical, assistant, and tech support occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Balsam neighborhood is English, spoken by 97.7% of households. Other important languages spoken here include Italian and Polish.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Balsam neighborhood in Crystal Falls, MI, residents most commonly identify their ethnicity or ancestry as German (14.0%). There are also a number of people of Italian ancestry (13.2%), and residents who report Irish roots (12.3%), and some of the residents are also of Polish ancestry (10.8%), along with some Finnish ancestry residents (10.2%), among others.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Balsam neighborhood spend under 15 minutes commuting one-way to work (51.4% of working residents), one of the shortest commutes across America.
Here most residents (86.5%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.