Real Estate Investing in Chatfield, Minnesota (55923)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55923 (Chatfield, MN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 27.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Chatfield, MN (55923)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55923 Chatfield
ZIP 55923 inside Olmsted County looks affordable on the surface — median value of $361K — but the discount exists for reasons that a careful buyer should understand before committing.
The 55923 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 55923 sits on the difficult end of the MN spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The 55923 ZIP's population of 4,387 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
The right play in 55923 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Chatfield:
Property Strategy for 55923
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $257,135 | $1,210 | 3.4% | +6.0% | $128,567 |
| 3BR | $331,047 | $1,700 | 3.7% | +6.5% | $110,349 |
| 4BR | $391,887 | $2,030 | 3.7% | +6.4% | $97,972 |
Market Trends
Home Value History (with trend line)
📊 How Does 55923 Compare?
| Metric | 55923 | Chatfield | Rochester, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $361,328 | $361,328 | N/A | $340,597 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 4.9% |
| Avg Rent | $1,089 | $1,089 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55923 (Chatfield, MN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 55923 (Chatfield, MN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $361,328 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 27.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 55923
Population: 4,387
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 55923
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What are home prices like in Chatfield, MN?
Expect median prices around $361K in Chatfield, MN. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Is it easy to find good tenants in Chatfield, MN?
Chatfield, MN draws a measured base of working renters. Demand at the $1,089/mo rent level is reasonable for standard single-family and small multi rentals.
How much do tenants pay in Chatfield, MN?
Rental rates in Chatfield, MN average $1,089/mo. Tenant demand and $361K home values make the yield look reasonable by investor standards.
How viable is house hacking in Chatfield, MN?
House hacking works a challenging in Chatfield, MN. Rents of $1,089/mo against $361K acquisition make the strategy solid for owner-occupants.
Is Chatfield, MN better for rentals, flips, or BRRRR?
A careful cash-flow rentals with hands-on management strategy Chatfield, MN best. The market produces predictable results for that approach at the $361K price point.
You know 55923 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55923 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 55923 ranks in Rochester, MN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 55923 (Chatfield)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 55923 (Chatfield, MN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.