Ely Town, Tofte Airbnb revenue and occupancy data
What Airbnb listings in Ely Town earn, how often they're booked, and how that compares with the rest of Tofte, MN.
Over the past 12 months, regularly available listings in Ely Town earned $26,481 on average, were booked for 44% of the nights they were open, and averaged $281 a night. The median gross yield, before expenses, is 8.0%.
Yearly revenue
$26,481
Occupancy
44%
Nightly rate
$281
Gross yield
8.0%
before expenses
Median of 38 listings
Active listings
44
My take on Ely Town
Ely Town trails the wider Tofte, MN market on both average trailing-year revenue and median potential gross yield. Revenue averaged $26,481, compared with $40,585 across the market. Median potential gross yield was 8.0%, versus 13.7%.
The yield comparison uses matched home values, but it remains a potential gross figure before expenses, financing and taxes. For a property in town, test the asking price against revenue estimates from similar listings rather than assuming that lower revenue comes with a stronger yield.
Commentary uses groups of at least 20 listings. Tables may include smaller groups.
How much do Airbnb hosts make in Ely Town?
Regularly available Airbnb listings in Ely Town earned an average of $26,481 over the past 12 months. That is 35% less than the Tofte, MN average of $40,585. That is booking revenue including cleaning fees, before Airbnb fees, operating costs and taxes.
What is the Airbnb occupancy rate in Ely Town?
Listings in Ely Town were booked for an average of 44% of the nights they were open for booking over the past 12 months. That is 10 points lower than the Tofte, MN average of 54%. Nights a host blocked off don't count.
How much does an Airbnb cost per night in Ely Town?
The average nightly rate in Ely Town was $281 over the past 12 months, including cleaning fees. That is 33% lower than the Tofte, MN average of $419.
Is an Airbnb in Ely Town profitable?
For homes with a matched home value, the median room-revenue potential in Ely Town is $25,457 a year and the median gross yield is 8.0%. Gross yield is 5.7 points lower than the Tofte, MN median. Gross yield is measured before expenses, financing and taxes, so profit depends on what you pay for a home and what it costs to run. Analyze the exact property before you buy.
Reveal any property's Airbnb profitabilityHow much do Airbnb hosts make in Ely Town by bedroom count?
Homes with four or more bedrooms have the highest gross yield in Ely Town, at 19.0%. The table shows average yearly revenue and median gross yield for each home size, with the Tofte, MN figure for the same size under each one.
| Bedrooms | Yearly revenue | Gross yield |
|---|---|---|
| 2 bedrooms 28 listings | $18,010 Tofte, MN: $33,600 | 7.9% Tofte, MN: 12.0% |
| 3 bedrooms 5 listings | $22,289 Tofte, MN: $48,715 | 7.3% Tofte, MN: 15.9% |
| 4+ bedrooms 10 listings | $52,386 Tofte, MN: $58,639 | 19.0% Tofte, MN: 16.9% |
How does Ely Town compare with nearby areas?
Every row uses the same method and data date. Nearby areas link to their own pages.
| Area | Yearly revenue | Occupancy | Nightly rate | Gross yield |
|---|---|---|---|---|
| Ely Town This area 44 listings | $26,481 | 44% | $281 | 8.0% |
| Tofte, MN market 796 listings | $40,585 | 54% | $419 | 13.7% |
| Burntside and Northern Ely Country 29 listings | $36,270 | 49% | $405 | 14.5% |
| Tower, Soudan and Eastern Vermilion Country 35 listings | $28,293 | 47% | $371 | 10.4% |
| Two Harbors Coast and Inland Country 54 listings | $40,298 | 52% | $412 | 19.9% |
| Gunflint Trail Lake Country 42 listings | $41,755 | 62% | $411 | 13.3% |
Where is Ely Town?
The Tofte, MN market includes 16 areas based on local neighborhood and city boundaries. Each listing is counted in the area containing it.
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About these figures
How is yearly revenue measured?
It is the average booking revenue a regularly available listing earned over the past 12 months, including cleaning fees and before Airbnb fees, operating costs and taxes. It is an estimate, not verified host payouts.
How is occupancy measured?
For each listing, BNBCalc divides the nights booked by the nights it was open for booking over the past 12 months, then averages the results. Nights a host blocked off are left out.
How is the nightly rate measured?
It is the average price per booked night over the past 12 months, including cleaning fees.
What is room-revenue potential?
It estimates what a listing would earn in a year from its nightly rates if it were available all year at its expected occupancy, based on its last 12 months of bookings. It excludes cleaning fees. It is an estimate, not income a host received.
What is gross yield?
For each listing, BNBCalc divides its room-revenue potential by an estimated value for a home with the same ZIP code and bedroom count, then reports the median. It is measured before expenses, financing and taxes, so it is not profit or a full return on investment.
Which listings are included?
Yearly revenue, occupancy and nightly rate cover listings of every type and size that were open for booking at least 127 nights over the past year (44 in Ely Town). Room-revenue potential and gross yield cover entire homes with one to five bedrooms that were also booked for at least 30% of their open nights and have a matched home value. BNBCalc shows no figure for an area with fewer than 5 qualifying listings.
How current is this data?
Figures are current as of November 2, 2026 and refresh monthly.
Why are these figures different from the Tofte, MN market page?
The market page summarizes all of Tofte, MN from a separate monthly market dataset. This page averages the individual listings in each area, so the two can differ. Use this page to compare areas with each other.
What can't these figures tell me?
They don't include operating costs, financing, taxes, insurance or the price of a specific home, and they don't show whether short-term rentals are allowed. Check local rules and analyze the exact property before you buy.
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Go deeper on Ely Town
With BNBCalc Markets, compare Ely Town by bedroom count and performance level, see home prices, and browse its listings on the map.