Tower, MN is a great place to consider when looking for a home. The median value of housing in Tower is $283,600, which is significantly lower than the US median value of $338,100. Additionally, the 1 year house appreciation rate in Tower is 13.08%, which is higher than the US average of 8.27%. This means that housing values are potentially making more substantial gains in this area than in other parts of the country. All-in-all, Tower presents an attractive option for potential homebuyers seeking good value and potentially higher returns on their investment.
The median home cost in Tower is $283,600. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Tower is up 13.2%.
Average Age of Homes
- The median age of Tower real estate is 39 years old
The Rental Market in Tower
- Renters make up 25.6% of the Tower population
- 3.4% of houses and apartments in Tower, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.