Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Tower area can be challenging. Home prices in Tower are now at a median cost of $282,329, higher than the Minnesota average of $269,934.
The average cost of rent is $618/mo in Tower, primarily driven by the current value of real estate in the Tower area. While nearly 57.15% of residents own their homes outright in Tower, 11.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in Tower is $5,472 per month. Households that rent pay about 11.29% of their income on rent here. Tower's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Soudan, MN: less expensive homes
- Adolph, MN: less expensive homes
- Embarrass, MN: less expensive homes
- Winton, MN: less expensive homes
- Idington, MN: less expensive homes
- Robinson, MN: less expensive homes
- Cook, MN: less expensive homes
- Britt, MN: less expensive homes
- Colby, MN: less expensive homes
- Buyck, MN: higher priced homes
Cities with Similar Populations
- Lenox, IA: less expensive homes
- Stony Creek, VA: less expensive homes
- St. Martins, MO: less expensive homes
- Menan, ID: less expensive homes
- Allen, MI: less expensive homes
- Malvern, IA: less expensive homes
- Lumber City, GA: less expensive homes
- Lincoln, NH: equally priced homes
- Limestone, OK: less expensive homes
- Three Rivers, NY: less expensive homes
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