Home prices
The median home in Tower is valued at $83,800. This is roughly $7,180 (9%) higher compared to its nearby areas.Compared to the rest of the nation it is approximately $133,700 (61%) lower, and is roughly $79,500 (48%) lower compared to the city of Duluth.
Rents
Tower's median rent is $625 a month. Compared to its surrounding areas this is approximately $48 (8%) higher.It is approximately $437 (41%) lower in comparison to the US as a whole, and compared to the city of Duluth is roughly $195 (23%) lower.
Nearby places
Soudan
Soudan is roughly 1 mile east of Tower. Housing prices there are somewhat less expensive. The median home value in Soudan is $70,800, which is $13,000 (18%) lower than Tower. Its rents are a bit less expensive. In Soudan the median rent is $475 a month, which works out to $150 (31%) lower than Tower.
Biwabik
Biwabik is approximately 15 miles south from Tower. The housing prices there are a bit less expensive. The median home in Biwabik is valued at $69,100, which works out to $14,700 (21%) lower than Tower. The rent there is pretty similar. The median monthly rent in Biwabik is $616, which comes out to $9 (1%) lower than Tower.
Cook
Cook is roughly 15 miles west of Tower. The real estate prices there are a bit more expensive. The median home in Cook is valued at $98,300, which works out to $14,500 (14%) higher than Tower. Rent there is somewhat less expensive. The median monthly rent in Cook is $525, which works out to $100 (19%) lower than Tower.
Hoyt Lakes
Hoyt Lakes is about 16 miles southeast from Tower. Housing prices there are somewhat less expensive. Hoyt Lakes's median home cost is $69,600, which is $14,200 (20%) lower than Tower. Rent there is pretty similar. In Hoyt Lakes the median rent is $615 per month, which comes out to $10 (1%) lower than Tower.
Babbitt
Babbitt is roughly 16 miles southeast of Tower. The housing prices there are a bit less expensive. The median home price in Babbitt is $75,300, which is $8,500 (11%) lower than Tower. The rent there is similar. The median monthly rent in Babbitt is $656, which is $31 (4%) higher than Tower.
