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Short Sale Listings in Tower, MN

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Tower, MN Foreclosures

How much do homes sell for in Tower, MN?
The average home price is currently $446,220.
In Tower, MN, how many homes are available?
There are currently 283 active home listings available in Tower.
What’s the average rental cost in Tower, MN?
The average rental price in Tower is $1,330.
What is the most expensive home in Tower?
The most expensive home sold in Tower had a price of $3,371,647.
What is currently the cheapest priced home in Tower, MN?
The cheapest home for sale in Tower is priced at $11,451.

Living in Tower, MN

Tower, MN is a quaint small town nestled by Lake Vermilion, offering a peaceful lifestyle immersed in nature. It's an ideal location for those who enjoy outdoor activities year-round and cherish a tight-knit community. With its scenic views and local amenities, it provides an inviting atmosphere for families and retirees alike.

Current Market Conditions in Tower, MN

The current real estate market in Tower is experiencing a steady demand, particularly due to the area's captivating natural beauty and recreational opportunities. Homes are mostly single-family, appealing to buyers looking for primary residences and vacation properties alike. Pricing varies, creating a diverse range of options for potential homebuyers.

Recent trends suggest a growing interest in properties around Lake Vermilion, as more individuals seek homes that offer both tranquility and adventure. The community's appeal as a getaway destination is attracting more buyers interested in seasonal living.

Home Value Estimator For Tower, MN

There are currently 2,186 real estate properties in Tower, MN, with a median automated valuation model (AVM) price of $375,389.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Tower, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Tower, MN, is $446,220.00, with the most expensive house in Tower, MN, topping out at $3,371,647.00 and the cheapest home in Tower, MN, clocking in at $11,451.00. In other words, there’s something for every potential homebuyer or savvy investor in Tower, MN!

Rent Prices In Tower, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tower, MN, is on a rollercoaster ride. The average rent price in Tower, MN, is $1,330.00. Indeed, when looking to rent in Tower, MN, you can expect to pay as little as $570.00 or as much as $2,600.00, with the average rent median estimated to be $1,360.00. The good news is that finding an affordable and desirable property to rent in Tower, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Tower, MN Short Sale Listings

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