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Home values, rents and more in ZIP code 55923 (Chatfield, MN)

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$353,000
Metro: $338,000 · U.S.: $366,000
Home values, past year
+3.4%
Metro: +3.8% · U.S.: +1.2%
Population
4,375
ACS 2020–24
Median household income
$96,328
Metro: $91,882 · U.S.: $80,734
ZIP codes around 55923, shaded by typical home value5592355975559495597655972559525593455962559045597955935559295599055902
  • Under $270k
  • $270k–$310k
  • $310k–$340k
  • $340k–$360k
  • $360k+
  • No data
ZIP codes around 55923, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. 55923 is outlined.

How 55923 compares

The typical home in ZIP code 55923 (Chatfield, MN) is worth about $353,000, according to the Zillow Home Value Index for September 2026. Home values in 55923 are 4% above the typical value in the Rochester metro area ($338,000) and 3% below the U.S. typical value ($366,000).

Over the past year, home values in 55923 rose 3.4%, compared with +3.8% in the Rochester metro area and +1.2% nationally.

The median household income is $96,328, against $91,882 in the Rochester metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 4,375 people live in 55923 (American Community Survey 2020–24).

55923 has the 13th-highest typical home value of the 34 ZIP codes in the Rochester metro area and the 215th-highest of 716 in Minnesota with Zillow figures.

Part of: Chatfield, MN · Olmsted County, MN · Rochester metro area · Minnesota

More for 55923 in ProMap Plus

These measures are on the map for subscribers. Open ProMap to see them for 55923 and every other place.

  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Zillow 12-month price forecast
  • Crime rates
  • School test scores
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby ZIP codes

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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