Zip 55940 (Hayfield, MN) Housing

The housing market in 55940 Hayfield, MN is strong and growing. The median value of a house in this area is $275,400, which is below the United States' median value of $338,100. However, the one-year appreciation rate for homes in 55940 Hayfield, MN is 6.78%, slightly lower than the national average of 8.27%. Despite this difference, it's clear that the housing market in 55940 Hayfield, MN is growing steadily.

The median home cost in Hayfield (zip 55940) is $275,400. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Hayfield (zip 55940) is up 11.4%.

Average Age of Homes

- The median age of Hayfield (zip 55940) real estate is 46 years old

The Rental Market in Hayfield (zip 55940)

- Renters make up 14.5% of the Hayfield (zip 55940) population
- 0.0% of houses and apartments in Hayfield (zip 55940), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Hayfield, Minnesota	United States
	1,172.0	139,647,020.0
	49	42
	$275,400	$338,100
	11.4%	16.6%
	46.1%	57.0%
	78.4%	101.1%
	$11.89	$10.98
	$2,241	$2,690
	71.3%	57.4%
	6.2%	11.2%
	22.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.7%	3.6%
	4.5%	4.1%
Value of Owner-Occupied Housing
	3.9%	2.6%
	1.6%	2.4%
	2.5%	2.8%
	1.7%	3.9%
	2.4%	4.5%
	22.1%	11.3%
	18.8%	13.0%
	22.5%	20.1%
	9.0%	13.6%
	6.1%	8.3%
	6.7%	9.7%
	1.3%	3.9%
	1.1%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.0%	13.6%
	12.0%	13.6%
	15.5%	13.6%
	4.9%	13.2%
	17.3%	14.8%
	15.5%	13.6%
	6.6%	10.0%
	1.8%	4.7%
	27.1%	12.2%

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