The size of Balnagowan is approximately 40.8 square kilometres. The population of Balnagowan in 2016 was 418 people. By 2021 the population was 438 showing a population growth of 4.8% in the area during that time. The predominant age group in Balnagowan is 40-49 years. Households in Balnagowan are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Balnagowan work in a trades occupation.In 2021, 88.80% of the homes in Balnagowan were owner-occupied compared with 82.70% in 2016.
Balnagowan has 182 properties. Over the last 5 years, Houses in Balnagowan have seen a 69.27% increase in median value. As at 31 October 2025:
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