Market Overview
Home Prices in Chatfield, MN
The median home value in Chatfield, MN is $368,015 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chatfield are priced10% below average. Chatfield is part of the Rochester, MN metro area.
Over the past five years, Chatfield home values have risen by approximately27.7%, reflecting strong long-term appreciation in this market.
Price History
Chatfield Home Price Trend
City Comparison
Chatfield vs. National Median
At $368,015, homes in Chatfield cost 10% below the national median of $410,000. This makes Chatfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Chatfield?
20% Down Payment
$73,603
on $368,015
Monthly P&I
$1,919/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,437/mo
incl. taxes & insurance
Income Needed
$97,480
gross annual (30% rule)
10% Down Option
$36,802
+ PMI applies
Loan Amount (20% dn)
$294,412
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Chatfield, MN?
The median home value in Chatfield is $368,015 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Chatfield?
Over the past year, home values in Chatfield have increased by 3.6%. Over five years, prices have risen approximately 27.7%.
How much do I need to earn to buy a home in Chatfield?
To comfortably afford the median home price of $368,015 with a 20% down payment ($73,603) at today's rates (6.8%), you'd need a gross annual income of approximately $97,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Chatfield compare to the national average home price?
The national median home value is approximately $410,000. At $368,015, homes in Chatfield are 10% below the national average.
What metro area is Chatfield part of?
Chatfield is part of the Rochester, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.