HomeMinnesotaSt. Louis CountyTower
Tower, Minnesota: commercial real estate data.
Tower is a Census city of 367 people across 2.92 square miles of land, in St. Louis County. Median household income is $65,893, 83.4 percent of occupied homes are owned, and the SBA record carries 10 7(a) approvals to borrowers here worth $2.7 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Tower
What Tower is
- Census place typecity
- Land area2.92 sq mi
- Water area0 sq mi
- Population per square mile of land126 plus or minus 29
- County holding the largest share of its areaSt. Louis County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tower
How many people live in Tower
- Population367 plus or minus 86
- Median age55.4
- Population under 1853 plus or minus 35
- Share under 1814.4 percent plus or minus 8.8
- Population 65 and over105 plus or minus 40
- Share 65 and over28.6 percent plus or minus 8.7
- Households169 plus or minus 40
- Family households90 plus or minus 31
- Share of households that are families53.3 percent plus or minus 13.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tower
Income and work in Tower
- Median household income$65,893 plus or minus $13,740
- Per capita income$34,860
- Civilian labor force186 plus or minus 49
- Employed175 plus or minus 50
- Unemployed11 plus or minus 12
- Unemployment rate5.9 percent plus or minus 6.3
- Adults 25 and over269 plus or minus 68
- Adults 25 and over with a high school diploma or higher95.5 percent plus or minus 31.9
- Adults 25 and over with a bachelor degree or higher12.6 percent plus or minus 6.4
- Adults 25 and over with a graduate degree5.2 percent plus or minus 5.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tower
Housing in Tower
- Housing units250 plus or minus 50
- Occupied units169 plus or minus 40
- Vacant units81 plus or minus 31
- Vacancy rate32.4 percent plus or minus 10.6
- Owner occupied141 plus or minus 36
- Renter occupied28 plus or minus 15
- Ownership rate83.4 percent
- Median owner-occupied home value$109,600 plus or minus $27,256
- Median gross rent, monthly$586
- Annual rent as a share of median income10.7 percent plus or minus 2.3
- Single family units182 plus or minus 43
- Share single family72.8 percent
- Units in buildings of two or more56 plus or minus 29
- Share in buildings of two or more22.4 percent plus or minus 10.6
- Mobile homes12 plus or minus 13
- Median year structure built1957
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tower
How Tower gets to work
- Workers 16 and over who commute153 plus or minus 48
- Commuting under 15 minutes63 plus or minus 25
- Share commuting under 15 minutes41.2 percent plus or minus 9.7
- Commuting 30 minutes or more74 plus or minus 30
- Share commuting 30 minutes or more48.4 percent plus or minus 12.6
- Drove alone79.4 percent
- Carpooled1.1 percent plus or minus 1.7
- Public transport1.7 percent plus or minus 2.2
- Walked1.7 percent plus or minus 1.6
- Worked from home12.6 percent plus or minus 12.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Tower
SBA loans in Tower (7(a))
- Approvals10
- Gross approval$2,718,100
- Average approval$271,810
- Median approval$102,050
- Largest approval$840,000
- Jobs supported116
- Jobs per approval11.6
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term240 months
- Share on real estate terms of 20 years or more60.0 percent
- Share to franchises0.0 percent
- Distinct lenders6
- Distinct industries by NAICS7
Counted by borrower city: approvals to borrowers whose address is in Tower, in any county, FY2020 to FY2026. Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Tower
SBA loans in Tower (504)
- Approvals5
- Gross approval$2,607,000
- Average approval$521,400
- Median approval$535,000
- Largest approval$587,000
- Jobs supported16
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Tower, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Tower
Flood risk in Tower
- NFIP communityCity of Tower
- NFIP community number270605
- Participating in the NFIPNo
- Community Rating System classNone
- Currently effective map date03/25/25
The City of Tower does not participate in the National Flood Insurance Program as community 270605 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
St. Louis County, not Tower
St. Louis County context, not Tower figures
- Establishments in St. Louis County5,360
- Covered employment, St. Louis County95,504
- Average annual pay, St. Louis County$60,452
- Housing units permitted, St. Louis County637
Every figure in this section is published for St. Louis County as a whole and is not a measurement of Tower.
All St. Louis County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Tower questions, answered from the record.
How many people live in Tower, Minnesota?
367, in 169 households. Tower city covers 2.92 square miles of land, which is 126 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Tower in?
St. Louis County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Tower?
$65,893. The median owner-occupied home is valued at $109,600. Median gross rent is $586 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Tower businesses?
10 7(a) approvals totaling $2.7 m since FY2020, across 6 lenders, median approval $102,050, plus 5 504 approvals worth $2.6 m since FY2010. These count approvals to borrowers whose address is in Tower, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Tower borrowers get paid back?
No rate is published for Tower. Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Tower in the National Flood Insurance Program?
No, it is listed but not participating. Tower appears in the FEMA Community Status Book as Tower, city of, community 270605, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Tower figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for St. Louis County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Tower.
Is zoning published for Tower?
No. Nothing on this page presents parcel level zoning.
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