| ZIP Code | 56043 |
|---|---|
| City | Hayward |
| State | Minnesota (MN) |
| County | Freeborn County |
| Area Code | 507/924 |
| Elevation | 1,253 ft |
| Latitude | 43.649394 |
|---|---|
| Longitude | -93.22244 |
| Timezone | Chicago (DST) |
| FIPS | 27047 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 50.9 yrs |
|---|---|
| Avg Household Size | 2.33 |
| Below Poverty | 9.6% ≈ Avg |
| College Grads | 40.1% ≈ Avg |
| Unemployment | 1.3% ▼ 73% below avg |
| HS Graduate | 81 (26.2%) |
| Some College | 64 (20.7%) |
| Associates | 40 (12.9%) |
| Bachelors | 70 (22.7%) |
| Graduate Degree | 54 (17.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $93,333 ▲ 22% above avg ↑ 76% since 2019 |
|---|---|
| Median Home Value | $189,300 ▼ 32% below avg ↑ 59% since 2019 |
| Home/Income Ratio | 2.0x (nat avg ~3.5x) |
| Total Units | 199 |
| Vacant Units | 15 |
| Avg HH Size | 2.33 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 199 |
|---|---|
| Vacant | 15 |
| Owner Occupied | 87.0% |
| Renter Occupied | 13.0% |
| Avg HH Size | 2.33 |
ZIP code 56043 is located in Hayward, Minnesota, within Freeborn County. With a population of 429, this is a sparsely populated ZIP code with a mature community — the median age is 50.9 years. Economically, 56043 is a middle-income ZIP code: the median household income of $93,333 is above the national average.
Real estate in ZIP code 56043 represents an affordable housing market. The median home value of $189,300 is below the national average. Homeownership is strong here — 87.0% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 59% since 2019.
The population of 56043 is primarily White (83.22%). Residents are well-educated — 40.1% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 9.6%. Household income has grown by 76% since 2019.
The unemployment rate in 56043 stands at 1.3%, which is well below the national average. As in most parts of the country, driving alone is the dominant commute mode at 83%.
Overall, ZIP code 56043 in Hayward, MN is characterized as middle-income, well-educated, a mature community, and predominantly owner-occupied. With 429 residents, a median household income of $93,333, and a median home value of $189,300, it offers a clear picture of life in this part of Minnesota.