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Tower, MN
Full City Profile · Minnesota · St. Louis County County
3.2
/5.0
B
Good
427
Population
146/sq mi density
$60,156
Median Income
$31,929 per capita
$113,600
Home Value
$335,565 Zillow
$565
Median Rent
19.4% income on rent
37°F
Avg Temperature
276 sunny days/yr
50
Violent Crime/100K
0 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$60,156 median income, 4.9% unemployment
A+
Affordability
5.0 / 5.0
$113,600 home value, $565/mo rent
C
Safety
2.0 / 5.0
50 violent crimes/100K
C
Education
2.3 / 5.0
15.8% bachelor's degree or higher
Housing Overview
Median Home Value
$113,600
60% below
US avg: $281,900
Median Rent
$565/mo
51% below
US avg: $1,163/mo
Homeownership Rate
82.0%
25% above US avg (65.4%)
Total Housing Units
274
Median year built: 1958
Home Value by Source
Census Median
$113,600
Zillow (ZHVI)
$335,565
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
82.0%
Owner-Occupied
18.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$565/mo
Affordability & Housing Stock
Rent Burden
19.4%
of renters spending 30%+ of income on housing
37% below US avg (31.0%)
Median Year Built
1958
Average age of housing stock: 68 years
Homeownership Rate
82.0%
Complete Housing Data
Home Values
| Census Median Value | $113,600 |
| Zillow Home Value (ZHVI) | $335,565 |
Rent
| Census Median Rent | $565 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 82.0% |
| Renter-Occupied | 18.0% |
| Homeownership Rate | 82.0% |
| Total Housing Units | 274 |
| Median Year Built | 1958 |
| Rent Burden | 19.4% |