The story of this market
The typical home in ZIP 55925 sells for about $368,015, or $195 per square foot.
Prices are up +3.6% from a year ago, so sellers still have some momentum. Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 55925 — Dakota
The Chatfield housing market remains stable with low inventory and steady demand, reflecting its role as a bedroom community for the Rochester area. Prices have seen modest year-over-year growth, supported by limited supply and consistent interest from local buyers. Market conditions are currently balanced, with homes spending a moderate amount of time on the market.
This ZIP is well-suited for families and commuters seeking a rural lifestyle with access to the Rochester metro area, as well as those looking for affordable housing relative to larger urban centers.
Median prices moved up 3.6% year over year.
Homes spend a median of 40 days on market with 3.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 2.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55923, Minnesota
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Chatfield Public School District, which maintains a stable reputation within the regional rural educational landscape.
The region is characterized by bluff country topography with localized flood risks near the Root River; standard regional insurance policies apply.
Economic momentum is driven by local agricultural support, small-scale manufacturing, and proximity to the Rochester employment hub via US-52.
Property taxes are assessed at the county level in Fillmore and Olmsted counties, with rates determined by local school district levies and municipal millage.
Residents primarily commute via US-52 toward Rochester, which serves as the primary regional employment core.
The area features access to the Root River State Trail, local parks, and proximity to regional bluff country outdoor amenities.
The rental market is characterized by low vacancy rates and limited inventory, typical of small rural communities with stable populations.
The local economy is anchored by agriculture, local government, and small-scale manufacturing, with significant reliance on the Rochester labor market.
Transportation is primarily automobile-dependent, with US-52 serving as the main arterial connection to regional hubs.
Development is primarily focused on small-scale residential infill and maintenance of existing infrastructure.
Assessments are conducted by Fillmore and Olmsted County assessors based on market value and state-mandated classification rates.
Parcels are subject to school district levies and county-specific special assessments for infrastructure and emergency services.
Property insurance premiums are influenced by regional weather patterns, including wind and hail exposure common in southeastern Minnesota.
Minnesota is a judicial foreclosure state with specific statutory redemption periods for homeowners.
Minnesota law requires sellers to provide a written disclosure statement regarding the condition of the property.
Data retrieved from US Census Bureau ZCTA 55923 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major regional trail system offering biking and hiking through bluff country.
Central community park providing local recreational space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.