ZIP Code 55923 — Chatfield city, MN Demographics & Data

ZIP code 55923 covers Chatfield, MN in Fillmore County with a population of about 4,387.

At a glance, the area shows median age of 40.7 versus a U.S. median of about 38.9.

It sits in telephone area code 507; U.S. House district MN-1; the ROCHESTR - MASON CITY - AUSTIN media market.

Median household income in ZIP 55923 is about $93,446 — about 24% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 5.4%; unemployment rate near 2.2%; 33.0% of adults with a bachelor’s degree or higher (roughly in line with the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Manufacturing, and Education; about 8.5% of workers reporting work-from-home (about 6.7 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $251,100 — about 28% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $599 (about 48% below the U.S. median rent ($1,163)), and owner-occupancy near 88.2% (about 22.8 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 55923 in Chatfield, MN, a household would need roughly $69,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,613. That sits below the local median household income ($93,446), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Chatfield city, MN as Relatively Low (composite score 49.8), which is near the middle of the national distribution. The strongest component scores on US5 are flood (66.2) and wildfire (10.8). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Chatfield city, MN show little to no average snow and around 36.8 inches of annual precipitation.

IRS migration statistics show a net inflow of about 311 for ZIP 55923 (Chatfield city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.