Tofte, MN Airbnb Market Data, Statistics, and Occupancy Rates

Tofte Short-Term Rental Market Overview

Tofte, MN sits along Minnesota's scenic North Shore and draws visitors year-round with its proximity to Lake Superior, state parks, and outdoor recreation. With an average annual revenue of $53,756 across 58 active listings and an ROI score of 69 out of 100, the market offers attractive short-term rental potential — particularly for larger properties that can command premium nightly rates. Above-average occupancy stability and a positive growth trend make Tofte a market worth watching for investors seeking exposure to a nature-driven destination.

Key Market Statistics

According to Rabbu market data, the Tofte short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Tofte

Tofte's combination of nature-based tourism demand, above-average occupancy stability, and strong summer revenue make it a compelling market for STR investors seeking seasonal income with reliable repeat visitation.

Expert Market Assessment

"Tofte presents a genuinely attractive opportunity for STR investors who understand seasonal markets. Revenue swings meaningfully between the summer peak — August tops out at $7,950 — and softer months like April ($2,270) and November ($2,268), so cash-flow planning around that rhythm is essential. The market's above-average occupancy stability and positive growth trend help offset the lower overall occupancy rate of 29%, which is typical for a nature-tourism destination with pronounced seasonality. Investors willing to target 3- or 4-bedroom properties stand to capture the strongest returns, as these sizes deliver the highest RevPAN and annual revenue."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Tofte

Average revenue by month in Tofte

Tofte's revenue cycle peaks sharply in summer, with August ($7,950) and July ($7,395) generating roughly 3.5 times the revenue of the slowest months — April ($2,270) and November ($2,268). This pronounced seasonality underscores the importance of maximizing summer bookings while developing strategies to capture shoulder-season and winter weekend travelers.

Active Airbnb listings by property size in Tofte

One-bedroom units dominate supply with 20 of the 58 listings, followed by 2-bedrooms at 15. Larger 3- and 4-bedroom properties are comparatively scarce (8 and 7 listings respectively), which may represent a supply gap given that those sizes generate the highest revenue and occupancy.

Average daily rate (ADR) by property size in Tofte

ADR climbs steeply with property size in Tofte: 4-bedroom homes command $527 per night compared to $230 for 1-bedrooms — more than double the rate. Three-bedroom units at $426 also carry a significant premium, suggesting that group-oriented travelers visiting the North Shore are willing to pay substantially for space and amenities.

Average RevPAN by property size in Tofte

Four-bedroom properties deliver the strongest RevPAN at $233, far outpacing all other sizes — 3-bedrooms come in at $93 and studios at $89. The gap between 4-bedroom RevPAN and the rest highlights how high occupancy (44%) combined with premium ADR creates outsized revenue efficiency for larger listings.

Average occupancy rates by property size in Tofte

Four-bedroom homes lead occupancy at 44%, substantially above the market average of 29%, while studios also perform well at 37%. Two- and 3-bedroom properties lag at 22% each, suggesting that mid-size units face stiffer competition or less differentiated demand in Tofte's market.

Average monthly revenue by property size in Tofte

Four-bedroom listings top monthly revenue at $6,892, closely followed by 3-bedrooms at $6,438 — both well above the market average of $4,479. One-bedroom units bring in the least at $2,698 per month, a meaningful drop that reflects both lower ADR and occupancy compared to larger configurations.

Average annual revenue by property size in Tofte

At $82,709 annually, 4-bedroom properties outperform every other size by a wide margin, with 3-bedrooms generating $77,263. Studios and 2-bedrooms cluster around $47,000–$48,000, while 1-bedrooms trail at $32,386 — making larger homes the clear leaders for investors prioritizing gross revenue.

Most common amenities for Airbnb listings in Tofte

Parking (100%), kitchens (97%), and BBQ grills (95%) are essentially table stakes in Tofte, reflecting a market where guests expect self-sufficient, cabin-style stays. Over half of listings offer waterfront access (55%) or lake access (53%), and nearly half feature hot tubs (48%), signaling that premium outdoor-experience amenities are becoming standard guest expectations rather than luxury differentiators.

Understanding Tofte's ROI Score: 69/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Tofte's ROI score of 69 out of 100 places it in the 'Attractive Opportunity' band, driven primarily by above-average occupancy stability and a positive market growth trend that signal reliable, improving demand. The revenue-to-price ratio and supply/demand balance both rate as average, reflecting the reality that home values around $760,899 require meaningful revenue to justify the investment — which larger properties in this market do deliver. Pairing these metrics with thorough local regulatory research and a clear seasonal cash-flow plan will help investors assess whether Tofte fits their portfolio.

Short-Term Rental Regulations in Tofte

Understanding local STR regulations is essential before investing in Tofte. Here's the current regulatory landscape:

Permit Requirements

Short-term rental operators in Tofte, MN may need to obtain permits or register with Cook County or applicable township authorities. Investors should verify current requirements directly with local government offices before listing a property.

Key Restrictions

Common STR restrictions in Minnesota communities can include occupancy limits, noise and nuisance ordinances, parking requirements, and minimum stay rules. HOA covenants in lakefront or resort-area developments may impose additional limitations, so reviewing all governing documents is essential before purchasing.

Tax Obligations

Minnesota levies a state sales tax and a lodging tax on short-term rentals, and Cook County may impose additional local lodging taxes. Platforms like Airbnb often collect and remit some taxes automatically, but hosts should confirm their full obligations with a local tax advisor.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Tofte can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Tofte's above-average market growth trend and occupancy stability suggest steady demand heading into the next 12–18 months. Summer months (June through September) will likely continue to anchor the revenue calendar, with August alone averaging nearly $7,950 per listing. Investors can reasonably expect ADR to hold in the $310–$325 range and occupancy to remain around 28–31%, though shoulder-season strategies — such as targeting fall foliage travelers — could push annual totals modestly higher. As with any seasonal destination, building a reserve for the softer April and November months is prudent."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Tofte, MN

What is the average Airbnb occupancy rate in Tofte?

The average occupancy rate for Airbnb listings in Tofte is currently 29%, which is below the Minnesota state average of 40%. This is common for seasonal, nature-driven destinations along the North Shore. Occupancy varies significantly by property size — 4-bedroom homes lead at 44%, while 2- and 3-bedroom properties average around 22%.

How much do Airbnb hosts make in Tofte?

On average, Airbnb hosts in Tofte earn approximately $4,479 per month and $53,756 per year based on trailing 12-month performance data. Earnings vary widely by property size: 4-bedroom listings average $82,709 annually, while 1-bedroom units bring in about $32,386. Peak summer months like August can push monthly revenue near $7,950.

Is Tofte a good market for Airbnb investment?

Tofte scores 69 out of 100 on Rabbu's ROI Score, placing it in the 'Attractive Opportunity' category. The market benefits from above-average occupancy stability and a positive growth trend, balanced by an average revenue-to-price ratio given home values around $760,899. Investors focusing on larger properties — especially 3- and 4-bedroom homes — tend to see the strongest returns relative to investment cost.

What is the average daily rate (ADR) for Airbnb in Tofte?

The average daily rate in Tofte is $315, which is below the Minnesota state average of $429. ADR scales significantly with property size: studios and 1-bedrooms average $230–$244 per night, while 4-bedroom properties command around $527 per night. This premium for larger homes reflects guest willingness to pay more for group-friendly accommodations on the North Shore.

Are short-term rentals legal in Tofte?

Short-term rentals operate in Tofte, MN, with 58 active Airbnb listings currently in the market. However, local permit requirements and regulations may apply through Cook County or township authorities. Investors should verify current zoning rules, permit needs, and any applicable restrictions before purchasing or listing a property.

When is peak season for Airbnb in Tofte?

Peak season in Tofte runs from June through September, with August generating the highest average monthly revenue at $7,950. July follows closely at $7,395 and September at $6,196. The slowest months are April ($2,270) and November ($2,268), creating a clear seasonal pattern driven by summer and early fall tourism along Lake Superior.

How many Airbnbs are there in Tofte?

Tofte currently has 58 active Airbnb listings. The market has experienced 264% year-over-year growth in listing count, reflecting increasing investor interest. Supply is concentrated in 1-bedroom (20 listings) and 2-bedroom (15 listings) properties, with fewer 3-bedroom (8) and 4-bedroom (7) options available.

How is Airbnb revenue calculated in Tofte?

The annual and monthly revenue figures shown for Tofte are derived from the trailing 12 months of actual booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. Rabbu averages each comparable listing's actual revenue per available night (RevPAN) by month over the past year, drops regional outliers, and rolls the remainder up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance. Individual results can vary based on property quality, pricing strategy, location within Tofte, and operational management.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts for the Tofte, MN market
• Average daily rate, occupancy, and RevPAN metrics with state-level benchmarks
• Monthly and annual revenue breakdowns by property size based on trailing 12-month booking data
• Popular amenity prevalence across active listings
• Home value data from the Zillow Home Value Index (ZHVI)

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and market conditions as of April 2026; actual performance may differ as conditions evolve. Local regulations, permit requirements, and tax obligations vary and should be independently verified before making any investment decision.