Performance indicators for the Northfield short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Northfield.
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Generally Investor friendly
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
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.