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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 277 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 charming lakeside community offering a peaceful lifestyle surrounded by nature. With its proximity to Lake Vermilion, residents can enjoy a variety of outdoor activities year-round. The town has a friendly atmosphere and hosts numerous events that reflect its unique culture and local spirit.

Current Market Conditions in Tower, MN

The real estate market in Tower, MN, has remained stable with slight appreciation over the past year. There has been a growing interest in properties near the lake, especially as more people are seeking vacation homes in scenic locations. The demand for homes has led to competitive offers for desirable listings, particularly those with waterfront access.

Recent trends indicate an increase in home sales, particularly among retirees and remote workers looking to relocate to a quieter area. Overall, the market reflects a balance between buyers and sellers, with unique opportunities for investment due to the area’s recreational allure.

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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