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
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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 |
