| ZIP Code | 55940 |
|---|---|
| City | Hayfield |
| State | Minnesota (MN) |
| County | Dodge County |
| Area Code | 507/924 |
| Elevation | 1,353 ft |
| Latitude | 43.898614 |
|---|---|
| Longitude | -92.809489 |
| Timezone | Chicago (DST) |
| FIPS | 27039 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.8 yrs ↓ 2% since 2019 |
|---|---|
| Avg Household Size | 2.46 |
| Below Poverty | 8.2% ▼ 18% below avg |
| College Grads | 39.8% ≈ Avg |
| Unemployment | 2.9% ▼ 41% below avg |
| No HS Diploma | 6 (0.3%) |
| HS Graduate | 565 (30.9%) |
| Some College | 249 (13.6%) |
| Associates | 279 (15.3%) |
| Bachelors | 265 (14.5%) |
| Graduate Degree | 462 (25.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $83,906 ▲ 10% above avg ↑ 38% since 2019 |
|---|---|
| Median Home Value | $240,700 ▼ 14% below avg ↑ 46% since 2019 |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $1,009/mo ↑ 80% since 2019 |
| Total Units | 1,186 |
| Vacant Units | 69 |
| Avg HH Size | 2.46 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,186 |
|---|---|
| Vacant | 69 |
| Owner Occupied | 78.4% |
| Renter Occupied | 21.6% |
| Avg HH Size | 2.46 |
ZIP code 55940 is located in Hayfield, Minnesota, within Dodge County. With a population of 2,810, this is a sparsely populated ZIP code with a middle-aged community — the median age is 38.8 years. Economically, 55940 is a middle-income ZIP code: the median household income of $83,906 is near the national average.
Real estate in ZIP code 55940 represents an affordable housing market. The median home value of $240,700 is near the national average. Renters can expect to pay around $1,009 per month in median rent. Homeownership is strong here — 78.4% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 46% since 2019.
The population of 55940 is primarily White (86.83%). Residents are moderately educated — 39.8% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 8.2%. Household income has grown by 38% since 2019.
The unemployment rate in 55940 stands at 2.9%, which is below the national average. About 11% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 76%.
Overall, ZIP code 55940 in Hayfield, MN is characterized as middle-income, moderately educated, a middle-aged community, and predominantly owner-occupied. With 2,810 residents, a median household income of $83,906, and a median home value of $240,700, it offers a clear picture of life in this part of Minnesota.