Chatfield, MN—55923
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chatfield, MN
As of Oct '25, the median home price in Chatfield, MN is $348,000, with a year-over-year change of 2.8%. This indicates that home prices in Chatfield, MN are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $348,000 | 2.8% |
| Single Family | $349,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $257,000 | 1.6% |
3 Bed | $331,000 | 2.8% |
4 Bed | $392,000 | 2.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chatfield, MN
As of July '25, Rentcast reports the average rent in Chatfield, MN is $1,820, with a year-over-year rent change of 1.1%. Per bedroom, the median rent as of July '25 in Chatfield, MN is 2-bedrooms: $1,820. The most common rental property sizes in Chatfield, MN are 1-bedroom and 2-bedroom, accounting for 38.6% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,820 | $1,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,820 | $1,820 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chatfield, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Chatfield, MN is 58. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $422,000 | 6.0% |
Listing Count | 24 | 11.0% |
| Listings as % of Homes | 0.6% | 11.0% |
Days on Market | 58 | 12.0% |
Demographics — Chatfield, MN
As of the latest ACS Survey released in 2023, Chatfield, MN has a population of 4,390, which has decreased by -3.2% over the past 5 years. Chatfield, MN is a popular place for families, as children make up 26.1% of the population. The area has a moderately educated workforce, with 33.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,390 | -3.2% |
% Under 18 | 26.1% | 8.3% |
% Seniors | 18.5% | 4.5% |
% WFH | 8.5% | 93.2% |
% w/ College Degree | 33.0% | 10.7% |
As of the latest ACS Survey released in 2023, Chatfield, MN is a predominantly white area, with 94.4% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Chatfield, MN is hispanic, making up 2.6% of the population. Foreign-born residents account for 1.7% of the population in Chatfield, MN, and this percentage has increased by 466.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.4% | -3.4% |
% Black | 0.2% | -66.7% |
% Hispanic | 2.6% | 225.0% |
% Asian | 1.0% | 900.0% |
% Foreign Born | 1.7% | 466.7% |
Mortgage and Risk — Chatfield, MN
According to HUD data as of 2023, there were 81 mortgage originations in Chatfield, MN, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Chatfield, MN. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 81 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Chatfield, MN
Chatfield, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 34 |
Total Units Section 8 | 34 |
% Rentals under Section 8 | 17.8% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | -$780 | $1,820 | $1,040 |
| 3 Bedroom | N/A | N/A | $1,460 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Chatfield, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $348,000 |
| Median Household Income | $93,400 |