The story of this market
The typical home in ZIP 55790 sells for about $229,000, or $155 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $669 a month.
ZIP 55790 — Tower
The housing market in 55790 remains stable with low inventory and moderate price growth driven by seasonal demand. High days on market reflect the rural nature of the area and the specific appeal of lakefront properties. Current conditions favor sellers of well-maintained recreational homes, while buyers face limited choices.
This ZIP is ideal for outdoor enthusiasts, retirees, and second-home buyers seeking proximity to Lake Vermilion, though it offers limited options for traditional commuters.
Median prices moved up 3.2% year over year.
Homes spend a median of 87 days on market with 9.2 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 10.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55790, St. Louis County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Tower area are generally low, consistent with rural St. Louis County trends and significantly lower than regional urban centers like Duluth.
Schools serving the area are part of the St. Louis County school system, generally characterized by small class sizes and community-focused rural education models.
The area faces moderate wildfire risk due to surrounding forest density and seasonal flood risks near Lake Vermilion, requiring standard regional insurance coverage.
Economic momentum is driven primarily by seasonal tourism, outdoor recreation, and local government services, with limited large-scale industrial development.
Property taxes are assessed by St. Louis County based on market value, with rates influenced by local school district levies and municipal service requirements in Tower.
Commuting is primarily car-dependent, with residents traveling toward regional employment hubs like Virginia or Duluth via state highway corridors.
The area is a premier destination for outdoor recreation, featuring immediate access to Lake Vermilion for boating and fishing, numerous hiking trails, and proximity to the Soudan Underground Mine State Park.
The rental market is characterized by low inventory and high seasonal demand, with many properties utilized for short-term vacation rentals during summer months.
The local economy is heavily reliant on tourism, hospitality, and public sector employment, with limited industrial diversification.
Development is largely focused on small-scale residential improvements and tourism-related infrastructure upgrades.
Parcels are subject to St. Louis County property taxes and local school district levies.
Property insurance premiums are influenced by regional wildfire and water-related hazard exposure.
Data retrieved from data.census.gov for ZCTA 55790.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Fortune Bay Resort Casino414.2 mi
- Grand Ely Lodge Resort & Event Center4.619.6 mi
- Northern Grounds4.619.6 mi
- North American Bear Center4.818.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major regional lake known for fishing, boating, and extensive shoreline recreation.
A historic site offering underground tours and hiking trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.