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Tower

Learn about the people, housing, costs and businesses in Tower, Pennsylvania

Median Home$148,700
Median Rent$843/month
Population1,448
Leading IndustriesRetail · Finance & Insurance · Information & Media23% retail
Home Value Growth⬆⬆⬆+28.6% over 2 years
Retirees21% of residentsnear the national average
Homeowners80% of occupied units
NotableTransit81/100 · excellent transit access
NotableAffordable Market$149k median home · lower cost than 75% of the country
Tower City
PA

Frequently Asked Questions

What are today's mortgage rates in Tower?

As of today, the 30-year fixed mortgage rate for Tower is approximately 7.041% (7.085% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Tower?

The median home value in Tower is $149k. The median monthly rent is $843. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tower?

Home values in Tower have increased 28.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Tower?

Based on a typical all-in ownership cost of $866/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tower is $72k/year.

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What industries drive the economy in Tower?

The largest employment sectors in Tower are retail (23%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.