Tofte, MN housing market
The typical Tofte home is worth about $463,000, up 5.1% in a year, 32% above the Minnesota typical home.
Home values, sales, trends and how Tofte compares with the towns next door — updated as new data is published.
Tofte at a glance
Typical home value, 2016–2026
Show as a table
| January | Tofte | Minnesota |
|---|---|---|
| 2017 | $283,000 | $217,000 |
| 2018 | $289,000 | $232,000 |
| 2019 | $296,000 | $246,000 |
| 2020 | $301,000 | $259,000 |
| 2021 | $326,000 | $282,000 |
| 2022 | $387,000 | $313,000 |
| 2023 | $390,000 | $325,000 |
| 2024 | $418,000 | $331,000 |
| 2025 | $435,000 | $341,000 |
| 2026 | $448,000 | $349,000 |
| August 2026 | $463,000 | $351,000 |
Tofte and its neighbors
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,340
HUD's Fair Market Rent for a two-bedroom in Tofte is $1,340 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Tofte pay a median of $1,096, so moving in tends to cost more than staying put.
Studio $920 · 4 bedrooms $1,940
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55612, 55615; Cook County, MN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Tofte
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.