Tofte, MN
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Overview
Annual Rev
$62.9k
12 mo avg
↓0%
from prior 12 mo
Occupancy rate
40%
12 mo avg
↓5%
from prior 12 mo
Avg daily rate
$364
12 mo avg
↑12%
from prior 12 mo
Lead time
48 days
12 mo avg
↓6 days
from prior 12 mo
Revpar
$122
12 mo avg
↓9%
from prior 12 mo
Methodology note: Figures reflect Tofte market data as of September 2026. Data covers Airbnb, VRBO, and Booking.com listings. Values are seasonally influenced; rounding applied for readability.
Revenue per listing by bedroom
Bedroom count:
0
1
2
3
4+
Short-term rental supply growth
Performance metrics by bedroom
Bedrooms
Annual Rev
Avg. Zestimate
Gross yield
Supply
Amenity revenue impact
| Amenity | Est. revenue impact |
|---|---|
| Sauna | +17% $10,699/yr |
| Heating | 🔒 +8% · $••••/yr Revenue lift and listing count available in Markets |
| Pool | 🔒 +7% · $••••/yr Revenue lift and listing count available in Markets |
| Gym | 🔒 +5% · $••••/yr Revenue lift and listing count available in Markets |
| Barbecue | 🔒 +4% · $••••/yr Revenue lift and listing count available in Markets |
| Lake Access | 🔒 +4% · $••••/yr Revenue lift and listing count available in Markets |
| EV Charger | 🔒 +3% · $••••/yr Revenue lift and listing count available in Markets |
| TV | 🔒 +3% · $••••/yr Revenue lift and listing count available in Markets |
| Bicycles | 🔒 +2% · $••••/yr Revenue lift and listing count available in Markets |
Nightly rate by day of week
Occupancy rate by day of week
Listings by channel
Listings by rental type
Listings by amenities
Listings by size
4+ bedrooms (0%)
Listings by availability
Length of stay by bedroom
2 bedrooms (4.3 nights)
3 bedrooms (3.8 nights)
1 bedroom (3.7 nights)
4+ bedrooms (3.6 nights)
Cleaning fee by bedroom
4+ bedrooms ($229)
3 bedrooms ($175)
2 bedrooms ($113)
1 bedroom ($87)
Professional host share
Professionally managed (69%)
Independent hosts (31%)
Housing market signals
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Over the 12 months ending August 2026, the Tofte market averaged 1,074 active Airbnb and VRBO listings, up 3% from a year earlier and up 57% over two years.
An average Tofte listing earns $57K/year. High-performing listings earn $103K, while low-performing listings earn $29K.
Median Tofte home prices by size are 1-bedroom $238K, 2-bedroom $198K, 3-bedroom $219K, and 4+ bedroom $332K.
Average gross yield is 21%, reaching 38% for high-performing listings. Gross yield excludes financing and operating costs, so net profitability varies by property.
Average occupancy in Tofte is 37%, producing RevPAR of $116 per available night.
3-bedroom listings have the highest average gross yield at 27%. They average $72K/year in revenue against a $219K median purchase price.
Rules vary across Tofte. Duluth: Moderate. License required, safety inspections, zoning compliance. Some neighborhoods restrict STRs. Moderate enforcement with complaint-driven investigations. Grand Marais: Lenient. Business license and lodging tax required. No occupancy restrictions or density limits. Light enforcement, mostly tax-focused. Two Harbors: Lenient. Business license and lodging tax collection required. No owner-occupancy rules or caps. Minimal enforcement, complaint-based only. Verify requirements for the property's jurisdiction.
The Tofte Airbnb and VRBO market appears broadly balanced. Supply has grown 3% year-over-year, while RevPAR has increased 3%, showing no clear supply-demand imbalance.
RevPAR is highest in July and August; it is lowest in April and November.
The most common amenities are Kitchen (97%), Parking (94%), Heating (94%). The strongest positive revenue associations are Heating (+76%), Internet (+74%), TV (+53%).
Average daily rate in Tofte is $361, up 11% year-over-year. Rates peak in July and are lowest in April.
Guests in Tofte book an average of 47 days in advance, down 5% from last year. Booking windows range from 39 days for 1-bedroom listings to 59 days for 4+ bedroom listings.
Booking demand is highest on Saturday and lowest on Tuesday. Nightly rates peak on Saturday and are lowest on Tuesday. Weekend occupancy is 59% higher than weekday occupancy.