Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Tofte area can be challenging. Home prices in Tofte are now at a median cost of $273,679, higher than the Minnesota average of $269,934.
The average cost of rent is $757/mo in Tofte, primarily driven by the current value of real estate in the Tofte area. While nearly 52.48% of residents own their homes outright in Tofte, 7.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Tofte is $5,286 per month. Households that rent pay about 14.31% of their income on rent here. Tofte's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Taconite Harbor, MN: less expensive homes
- Lutsen, MN: equally priced homes
- Schroeder, MN: less expensive homes
- Murphy City, MN: less expensive homes
- Little Marais, MN: less expensive homes
- Grand Marais, MN: equally priced homes
- Finland, MN: less expensive homes
- Maple Hill, MN: equally priced homes
- Lax Lake, MN: less expensive homes
- Silver Bay, MN: less expensive homes
Cities with Similar Populations
- Welda, KS: less expensive homes
- Climbing Hill, IA: less expensive homes
- Clover, ID: less expensive homes
- Coinjock, NC: equally priced homes
- Collins, TN: less expensive homes
- Columbus, IL: less expensive homes
- Concan, TX: less expensive homes
- Watt Heights, TN: less expensive homes
- Webster, PA: less expensive homes
- Weil, LA: less expensive homes
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