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2025 Compare Cities Housing:
Central Lake, MI vs Tower, MN

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Highlights
- The median age of a home in Central Lake is 24.5% younger than the median age of a home in Tower.
 Central Lake, MITower, MNUnited States
 Median Home Age53  Unlock42
 Median Home Cost  Unlock$283,600$338,100
 Home Appr. Last 12 months19.8%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock50.0%57.0%
 Home Appr. Last 10 yrs.122.2%  Unlock101.1%
 Property Tax Rate  Unlock$10.8$11.0
 Homes Owned55.0%  Unlock57.4%
 Housing Vacant  Unlock29.6%11.2%
 Homes Rented14.1%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Central Lake, MITower, MNUnited States
 Average Rent  Unlock$1,600$1,840
 Studio Apartment$560  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$950$1,180
 2 Bedroom Home or Apartment$840  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,620$1,860
 4 Bedroom Home or Apartment$1,360  Unlock$2,160
 space1
 Vacant Housing
 Central Lake, MITower, MNUnited States
 Vacant For Rent  Unlock3.4%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock0.0%0.7%
 Vacant Sold1.1%  Unlock0.4%
 Vacant Vacation  Unlock12.4%3.6%
 Vacant Other1.3%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Central Lake, MITower, MNUnited States
 Less Than $20,000  Unlock0.0%2.6%
 $20,000 to $39,9991.5%  Unlock2.4%
 $40,000 to $59,999  Unlock13.5%2.8%
 $60,000 to $79,99915.3%  Unlock3.9%
 $80,000 to $99,999  Unlock19.0%4.5%
 $100,000 to $149,99920.2%  Unlock11.3%
 $150,000 to $199,999  Unlock11.7%13.0%
 $200,000 to $299,9993.1%  Unlock20.1%
 $300,000 to $399,999  Unlock0.6%13.6%
 $400,000 to $499,9994.2%  Unlock8.3%
 $500,000 to $749,999  Unlock3.1%9.7%
 $750,000 to $999,9990.0%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.0%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.0%1.1%
 space3
 Housing Units By Year Built
 Central Lake, MITower, MNUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock9.6%13.6%
 2000 to 200913.2%  Unlock13.6%
 1990 to 1999  Unlock8.9%13.6%
 1980 to 19894.6%  Unlock13.2%
 1970 to 1979  Unlock15.1%14.8%
 1960 to 19699.7%  Unlock13.6%
 1950 to 1959  Unlock16.2%10.0%
 1940 to 194912.4%  Unlock4.7%
 1939 or Earlier  Unlock31.6%12.2%
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