Tower, MN Housing Statistics

A+

44%

Med. Home Val. NAT. AVG.

46%

Rent NAT. AVG.

22%

Owner Occ. NAT. AVG.

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Tower Housing Information

Index	Tower	Minnesota	National
Median home price	$103,400	$191,500	$184,700
Median rent asked	$508	$873	$949
Avg. people per household	1.7	2.4	2.6
Owner occupied households	77.9%	71.4%	63.6%
Renter occupied households	22.1%	28.6%	36.4%

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Housing Quick Facts

The median home price in Tower is 44% lower than the national average.
The median rent asked in Tower is 46% lower than the national average.
The average number of people per household in Tower is 36% lower than the national average.
The number of owner occupied households in Tower is 22% higher than the national average.
The number of renter occupied households in Tower is 39% lower than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Soudan, MN	467	$71,000	62%
Tower, MN	457	$103,400	44%

Cities with similar population

	Population	Home Price	National Avg.
Effingham, KS	457	$78,600	57%
East Nassau, NY	457	$165,500	10%
New Virginia, IA	457	$114,100	38%
Almena, KS	457	$64,500	65%
Madison, NY	457	$95,500	48%
Tower, MN	457	$103,400	44%

Source: The Tower, MN housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS).