House Prices

House Prices & Home Values Tofte, MN 2026


Average Data

average house price$280,760
average size per house1680 ft²
average price per ft²168 $ / ft²

04/16/2026 - The value range (VR) for house prices in Tofte, MN is $167/ sqft to $167/ sqft. An average home with 1680 sqft costs approximately $280,560 to $280,560. Tofte, MN includes 1 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 55615, while the highest are in ZIP 55615. The average price per sqare feet is $168. Our analysis is based on 5 property listings.

Avergage prices by ZIP codes Tofte

55615159 $ / ft²




Historical development of home values in Tofte

Year Estimated value (USD) Change vs. 2025
2010 $130,390 -53.6%
2011 $125,348 -55.4%
2012 $125,010 -55.5%
2013 $129,683 -53.8%
2014 $136,131 -51.5%
2015 $143,118 -49.0%
2016 $150,587 -46.4%
2017 $158,715 -43.5%
2018 $167,489 -40.3%
2019 $175,256 -37.6%
2020 $184,315 -34.4%
2021 $209,639 -25.3%
2022 $244,392 -13.0%
2023 $257,723 -8.2%
2024 $272,632 -2.9%
2025 $280,760 0.0%

Graph: estimated home values in Tofte over time (USD)



Example: 100% financing house in Tofte

Loan amount: $280,760

Interest rate: 6.00%

Fixed monthly payment: $1,683.30

Breakdown in the 1st month:
Interest portion: $1,403.80  –  Principal portion: $279.50

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $16,751.81 $3,447.77 $277,312.23
2 $16,539.16 $3,660.42 $273,651.82
3 $16,313.39 $3,886.18 $269,765.64
4 $16,073.70 $4,125.87 $265,639.76
5 $15,819.23 $4,380.35 $261,259.41
6 $15,549.06 $4,650.52 $256,608.89
7 $15,262.22 $4,937.35 $251,671.54
8 $14,957.70 $5,241.88 $246,429.66
9 $14,634.39 $5,565.19 $240,864.48
10 $14,291.14 $5,908.43 $234,956.04
11 $13,926.72 $6,272.85 $228,683.19
12 $13,539.83 $6,659.75 $222,023.44
13 $13,129.07 $7,070.51 $214,952.93
14 $12,692.97 $7,506.60 $207,446.33
15 $12,229.98 $7,969.59 $199,476.74
16 $11,738.44 $8,461.14 $191,015.60
17 $11,216.57 $8,983.00 $182,032.59
18 $10,662.52 $9,537.06 $172,495.54
19 $10,074.30 $10,125.28 $162,370.25
20 $9,449.79 $10,749.79 $151,620.47
21 $8,786.77 $11,412.81 $140,207.66
22 $8,082.85 $12,116.73 $128,090.93
23 $7,335.52 $12,864.06 $115,226.87
24 $6,542.09 $13,657.49 $101,569.39
25 $5,699.73 $14,499.85 $87,069.54
26 $4,805.41 $15,394.17 $71,675.37
27 $3,855.93 $16,343.65 $55,331.72
28 $2,847.89 $17,351.69 $37,980.03
29 $1,777.67 $18,421.90 $19,558.13
30 $641.45 $19,558.13 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Tofte, MN


1500 sqft3900 sqft
Ø selling price$304,920$648,648
Ø fast selling$277,200$583,784
Ø high price sale$332,640$713,513

In 2026, houses in Tofte, MN will be offered at an average price of $168 per square foot. A 1,500 sqft home priced at $304,920 is 21.90% more expensive per square foot than a 3,900 sqft home priced at $648,648. Home prices in Tofte, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $449,065. Sellers who can wait longer may achieve a higher price of up to $548,857.

FAQ – Home Values in Tofte

What is the median home value in Tofte in 2026?

In 2026, the typical home value in Tofte is about $280,760 for an average home size of 1680 square feet. This corresponds to an average price of roughly $168 per square foot.

What is the average cost per square foot in Tofte?

In 2026, homes in Tofte sell for an average of around $168 per square foot, with a typical range between $167 and $167 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Tofte is about 1680 square feet, with an estimated 2026 value around $280,760.



Locations close to Tofte, MN

Two Harbors, MN72 $ / ft²
Alborn, MN190 $ / ft²
Angora, MN197 $ / ft²
Silver Bay, MN166 $ / ft²
Schroeder, MN152 $ / ft²
Lutsen, MN162 $ / ft²
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