Tower City, ND58071

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$84,900
N/A
Median Household Income
$107,000
95.8% 5-Year Growth
Days on Market
124
N/A
Home Price Forecast
N/A
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A

Property Listings — Tower City, ND

As of Aug '25 and according to Realtor.com, the median days on market for a home in Tower City, ND is 124. This is an insufficient data of NA from last year. This indicates that homes are sitting on the market insufficient data to determine a trend than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$84,900N/A
Listing Count
3N/A
Listings as % of HomesN/AN/A
Days on Market
124N/A
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Demographics — Tower City, ND

MetricLatest CensusYoY % Change
Population
48215.6%
% Under 18
22.0%13.4%
% Under 5N/AN/A
% Seniors
16.6%-14.4%
% WFH
3.7%-67.5%
% w/ College Degree
36.0%34.3%
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Race and Ethnicity

MetricLatest Census5-Year % Change
% White
98.8%-0.2%
% Black
0.0%N/A
% Hispanic
0.2%∞%
% Asian
0.0%N/A
% Foreign Born
0.6%∞%
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Mortgage and Risk — Tower City, ND

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Tower City, ND in that year was NA. NA of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was NA. Of those, NA were >90% loan to value. This is considered unknown, suggesting that mortgage risk is unknown in Tower City, ND. Investor activity in Tower City, ND is unknown, as NA of all loans are originated by investors. In 2023, NA of all loans were cash-out refinances, suggesting unknown homeowners are actively tapping their home's equity.

Mortgages

MetricZip Code AverageMetro AverageState Average
Total Loan Originations
N/AN/AN/A
% Conventional Loans
N/AN/AN/A
% Government Loans
N/AN/AN/A
% Investor Loans
N/AN/AN/A
% Second Loans
N/AN/AN/A
% Cash Out Refinance
N/AN/AN/A
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Rentals and Section 8 — Tower City, ND

As of 2024, the percent of homes in Tower City, ND under the Section 8 program is NA. This is considered unknown, suggesting that the neighborhood is unknown composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.

Section 8 Market Size

Total Units under HUD
N/A
Total Units Section 8
N/A
% Rentals under Section 8
N/A
% Occupied Section 8
N/A

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$770
2 BedroomN/AN/A$930
3 BedroomN/AN/A$1,300
4 BedroomN/AN/A$1,580

Affordability — Tower City, ND

Home Price to Income Ratio

MetricZip Code AverageMetro AverageState Average
Home Price to Income RatioN/AN/AN/A
Median Home PriceN/AN/AN/A
Median Household Income$107,000N/AN/A

Tower City, ND — ZIP Code Boundary Map

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