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Chatfield, MN

Full City Profile · Minnesota · Fillmore County County

4.4 /5.0
A Great
2,693 Population 1,040/sq mi density
$91,912 Median Income $41,345 per capita
$216,000 Home Value $351,503 Zillow
$645 Median Rent 25.8% income on rent
44°F Avg Temperature 260 sunny days/yr
A
Overall
4.4 / 5.0
Strong
A+
Economy
4.7 / 5.0
$91,912 median income, 1.6% unemployment
A+
Affordability
5.0 / 5.0
$216,000 home value, $645/mo rent
B+
Education
3.5 / 5.0
31.6% bachelor's degree or higher

Housing Overview

Median Home Value
$216,000
23% below
US avg: $281,900
Median Rent
$645/mo
45% below
US avg: $1,163/mo
Homeownership Rate
88.3%
35% above US avg (65.4%)
Total Housing Units
1,124
Median year built: 1971

Home Value by Source

Census Median
$216,000
Zillow (ZHVI)
$351,503
Median Sale Price
$227,750
Median List Price
$297,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

88.3%
Owner-Occupied
11.7%
Renter-Occupied
88%
12%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent: $645/mo

Market Indicators (Redfin)

Median Days on Market
52 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
11.1%
of listings with price reduction
Price Per Sq Ft
$148
Active Inventory
9
homes for sale

Affordability & Housing Stock

Rent Burden
25.8%
of renters spending 30%+ of income on housing
17% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
88.3%

Complete Housing Data

Home Values

Census Median Value$216,000
Zillow Home Value (ZHVI)$351,503
Median Sale Price$227,750
Median List Price$297,900
Price Per Sq Ft$148

Rent

Census Median Rent$645
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Days on Market52
Sale-to-List Ratio1.0%
Price Drops11.1%
Homes Sold2
Active Inventory9
Price Per Sq Ft$148

Ownership & Stock

Owner-Occupied88.3%
Renter-Occupied11.7%
Homeownership Rate88.3%
Total Housing Units1,124
Median Year Built1971
Rent Burden25.8%