Tower, MN Real Estate
According to census data in the year 2000 there were 273 housing units in Tower.
This represents a 0.7% decline from 275 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 273 were located in what is classified as a rural area.
Homeownership rate in Tower is about 71.2%.
Tower's vacancy rate, including seasonal lodging, is about 19.8%.
Average household size is 2.14 people.
The majority of houses, apartments or condos in Tower were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 19.40% |
| Two Bedrooms | 32.60% |
| Three Bedrooms | 37% |
| Four Bedrooms | 10.30% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $55,800 |
| Median Price asked for vacant units | $47,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.62 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.40% |
| Home Equity Loan | 2.80% |
| Simple Mortgage | 39.90% |
| Debt Free | 55.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.3% |
