55923, Chatfield, MN

The Chatfield, MN 55923 zip code has a median home value of $214,000 and a median home equity of $101,000. The Chatfield, MN 55923 zip code has a population of 2,527 people and a median age of 36 years. The majority of the residents in the Chatfield, MN 55923 zip code are married couples with children. The average commute to work is about 26 minutes.

There are many factors that affect home prices in any given area. In the Chatfield, MN 55923 zip code, there are several factors that contribute to the high home values:

1) The location – This is an affluent area with plenty of amenities and access to good schools.

2) The size and condition of the homes – These homes tend to be newer and in better condition than homes in other areas.

3) Supply and demand – There is limited inventory available for sale in this area which drives up prices.

4) Interest rates – While interest rates have been on the decline recently they are still higher than average rates across the country which contributes to increased demand for properties in this area.