Tower MN Commercial Properties For Sale
The median home value in Tower, MN is $283,600. This is higher than the county median home value of $197,400. The national median home value is $338,100. The average price of homes sold in Tower, MN is $283,600. Approximately 56.01% of Tower homes are owned, compared to 14.43% rented, while 29.55% are vacant. Tower real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Tower real estate agent to arrange a tour today!
Learn More About Tower Real EstateStatistics & facts
438
Population
$283K
Medium Home Value
205
# of Households
29.55%
Housing Vacancy
30.12%
Future Job Growth
3.40%
Unemployment Rate
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing the data believes the data to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Copyright 2025 Northeast Arkansas Board of Realtors. All rights reserved.
Population
Tower has a population of approximately 438 and experiences a population change rate of -8.56%. The population density is 146.8 / sq mi.
Household
The median household income for Tower is $46,875, with 205 households and an average household size of 2.14.
Cost of Living
The cost of living index in Tower is 92.9%.
Home Value
The median value of a home in Tower is $283,600 with an appreciation rate of 13.2%. 56.0% of housing in the city is owned while 14.4% is rented.
Employment
The unemployment rate in Tower is 3.40%, and recent job growth is at 0.07%. Future job growth is projected at 30.12%.
Taxes
The sales tax rate in Tower is 7.38%, while the income tax rate is 6.80%.
Education
School expenditures in Tower are $16,248, and the school ratio is 15.2:1.
Weather
The average high temperature in July is 77.7 degrees, with an average low temperature in January of -7.2 degrees. The average rainfall is approximately 27.8 inches per year, with 62.1 inches of snow per year.
Education near Tower MN
| Metric | City | County |
|---|---|---|
| High School Graduates | 95.59 | 94.63 |
| College Degree - 2 year | 20.51 | 13.09 |
| College Degree - 4 year | 15.46 | 31.2 |
| Graduate Degree | 2.52 | 7.35 |
| Expenditures per Student | $16,248 | $16,248 |
| Students per Teacher | 15.20 | 15.20 |
Elementary Schools near Tower MN
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Babbitt Elementary School | PK - 06 | 128 | 13.2 | 55706 |
| Tower-Soudan Elementary School | PK - 06 | 84 | 9.2 | 55790 |
High Schools near Tower MN
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Northeast Range Secondary | 07 - 12 | 152 | 14.7 | 55706 |
| Vermilion Country School | 07 - 12 | 58 | 9.7 | 55790 |
