Northfield, MN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Northfield short-term rental market based on reliable data.
Listings
57 / 140
Reliable / Active
Cap Rate
8%
Middle-Earners Gross Yield
Revenue
$28,152
Middle-Earners Revenue
Occupancy
56%
Middle-Earners Occupancy
Home Value
$375,703
Median Home Sale Price
Top Earners
$45,183
Top-Earners Revenue
Northfield
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Northfield.
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Generally Investor friendly
Northfield Regulations
STRs are explicitly allowed citywide and treated like other residential rentals, with clear, relatively modest licensing fees (e.g., Type 2: $350 for one unit, $25 per additional unit), a standard inspection process, and a 3% lodging tax—overall a predictable compliance path. The main drag is Minnesota’s 10‑unit ownership cap, which limits larger‑scale investment, and typical life‑safety and reporting requirements add modest operational friction.
Local STR Agent
STR specialist · Northfield, MN
About Northfield
Northfield is a city in Dakota and Rice counties in the State of Minnesota. It is mostly in Rice County, with a small portion in Dakota County. The population was 20,790 at the 2020 census. Northfield is 40 miles south of the downtowns of Minneapolis and St. Paul and is an exurb of the Minneapolis-St. Paul metropolitan area.