All Countries
Tower, MI
Full City Profile · Michigan · Cheboygan County County
2.8
/5.0
C+
Fair
271
Population
502/sq mi density
$42,167
Median Income
$20,647 per capita
$91,500
Home Value
$194,492 Zillow
$917
Median Rent
26.9% income on rent
45°F
Avg Temperature
270 sunny days/yr
251
Violent Crime/100K
2,871 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$42,167 median income, 5.1% unemployment
A+
Affordability
5.0 / 5.0
$91,500 home value, $917/mo rent
F
Safety
1.0 / 5.0
251 violent crimes/100K
D
Education
1.9 / 5.0
11.4% bachelor's degree or higher
Housing Overview
Median Home Value
$91,500
68% below
US avg: $281,900
Median Rent
$917/mo
21% below
US avg: $1,163/mo
Homeownership Rate
63.3%
3% below US avg (65.4%)
Total Housing Units
195
Median year built: 1969
Home Value by Source
Census Median
$91,500
Zillow (ZHVI)
$194,492
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
63.3%
Owner-Occupied
36.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$917/mo
Affordability & Housing Stock
Rent Burden
26.9%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
1969
Average age of housing stock: 57 years
Homeownership Rate
63.3%
Complete Housing Data
Home Values
| Census Median Value | $91,500 |
| Zillow Home Value (ZHVI) | $194,492 |
Rent
| Census Median Rent | $917 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 63.3% |
| Renter-Occupied | 36.7% |
| Homeownership Rate | 63.3% |
| Total Housing Units | 195 |
| Median Year Built | 1969 |
| Rent Burden | 26.9% |