Housing in 55790 Tower, MN is a hot commodity. The median value of homes is $292,000 which is significantly lower than the US House Median Value of $338,100. Despite this difference, residents of 55790 Tower are still seeing a great return on their investments; the 1 year house appreciation rate in 55790 Tower is 13.08%, more than double the US 1 year house appreciation rate of 8.27%. This means that prices for housing in this area are likely to continue to rise, making it an attractive option for those looking to purchase property.
The median home cost in Tower (zip 55790) is $292,000. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Tower (zip 55790) is up 13.2%.
Average Age of Homes
- The median age of Tower (zip 55790) real estate is 41 years old
The Rental Market in Tower (zip 55790)
- Renters make up 5.9% of the Tower (zip 55790) population
- 0.4% of houses and apartments in Tower (zip 55790), 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.