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Chatfield city, MN

ZIP 55923 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55923

Median Home Value
$251,100
Median Rent
$599
Affordability Snapshot
$69,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,613/mo PITI).

8%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

34.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55923 in Chatfield city, MN, a household would need roughly $69,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,613. That sits below the local median household income ($93,446), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
88.2%+35% vs US avg
x
Vacancy Rate
4.8%-54% vs US avg
x
Broadband Access
86.4%-1% vs US avg
x
4+ Bedrooms
6.7%-55% vs US avg
x
Built Pre-1939
2.4%-82% vs US avg
x
Built Post-2014
2.1%-70% vs US avg
x
Rent Burden >30%
11.9%-76% vs US avg
x
Mortgage-Free
33.9%-11% vs US avg
x
$251,100
Home Value
$599
Rent
1976
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached81.2%
  • 1-unit attached7.9%
  • 2-9 units2.9%
  • 10+ units4.2%
  • Mobile home & other3.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$251,100
Median rent$599
Owner-occupied88.2%
Vacant4.8%
Price-to-income2.7x
Est. income to buy$69,000