The story of this market
The typical home in ZIP 55920 sells for about $335,500, or $178 per square foot.
Prices are up +5.6% from a year ago, so sellers still have some momentum. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,395 a month.
This ZIP has no home sales of its own, so its market figures come from Olmsted County, Minnesota (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 55920 — Byron
The 55920 housing market is experiencing steady appreciation driven by its appeal as a bedroom community for the Rochester medical hub. Inventory remains tight, supporting a competitive environment for buyers, while the median sale price has seen consistent growth over the past year.
This ZIP is ideal for families and professionals seeking a small-town lifestyle with a manageable commute to Rochester's major medical and tech employers.
Median prices moved up 5.6% year over year.
Homes spend a median of 25 days on market with 2.4 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.7% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 3.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55920
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Chatfield maintains a low crime rate consistent with small-town Minnesota, generally reporting lower violent and property crime indices compared to the nearby Rochester metropolitan area.
The area is served by Chatfield Public Schools, which are generally well-regarded for their community-focused environment and consistent academic performance within the region.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather; flood risk is localized to specific low-lying areas near the Root River.
Economic momentum is driven by proximity to the Rochester medical hub and local agricultural and manufacturing sectors, with steady residential development supporting a growing population.
Property taxes are assessed at the county level in Fillmore and Olmsted counties, with rates determined by local school district levies and municipal requirements; no state-level property tax applies.
Residents primarily commute by car, with a drive of approximately 25-30 minutes to reach the major employment centers in Rochester via US-52.
The area features extensive outdoor access including the Root River State Trail, local city parks, and proximity to regional golf courses and scenic bluffs.
The rental market is characterized by low vacancy rates and steady demand from workers commuting to Rochester, with limited new multi-family inventory.
The economy is anchored by the proximity to Rochester's Mayo Clinic and associated healthcare services, supplemented by local manufacturing and agricultural operations.
Transportation is primarily private vehicle-based, with US-52 serving as the primary arterial corridor for regional access.
Development is focused on modest residential expansion and infrastructure maintenance to accommodate the steady influx of commuters.
Parcels are subject to local school district levies and county-specific tax assessments for public services.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in Southern Minnesota.
Data retrieved from US Census Bureau ZCTA profiles and local municipal reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Mayo Civic Center4.58.9 mi
- Forager Brewery4.58.1 mi
- Graham Arena Complex4.38.9 mi
- Two Sisters - Kitchen + Bar4.611.2 mi
- Café Steam4.68.8 mi
- Oxbow Park & Zollman Zoo4.85.3 mi
- Marcus Rochester Cinema4.49.6 mi
- Quarry Hill Nature Center4.810.5 mi
- Cascade Lake Park4.67.2 mi
- Bowlocity Entertainment Center4.49.7 mi
- Rochester Art Center4.49 mi
- Historic Mayowood4.85.9 mi
- SPARK, Children's Museum4.58 mi
- History Center of Olmsted County4.76.4 mi
- Rochester Civic Theatre4.79 mi
- Oxbow Park & Zollman Zoo4.85.3 mi
- Quarry Hill Nature Center4.810.5 mi
- Cascade Lake Park4.67.2 mi
- Quarry Hill Park4.810.5 mi
- Silver Lake Park4.39.1 mi
- Rochester Golf & Country Club4.46.3 mi
- Willow Creek Golf Course4.38.6 mi
- Chip Shots4.510 mi
- Eastwood Golf Course4.411.5 mi
- Northern Hills Golf Course4.56.9 mi
- Apache Mall4.28 mi
- T.J. Maxx & HomeGoods4.37.7 mi
- Hy-Vee Grocery Store4.48 mi
- Fleet Farm4.39.6 mi
- Hy-Vee Grocery Store4.48.4 mi
- Rochester International Airport4.29.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A scenic paved trail popular for biking and hiking connecting regional communities.
Central community space offering playgrounds, picnic areas, and sports fields.
A local 18-hole course serving the immediate area.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 15.5% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $447,000 could not be independently corroborated and was removed pending review (no prior-cycle value to revert to); the case is under review in the Command Center.