Real Estate Investing in Hayfield, Minnesota (55940)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55940 (Hayfield, MN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hayfield, MN (55940)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55940 Hayfield
The 55940 ZIP in Hayfield, MN is a local-operator market. Outside capital chasing a $328K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 55940 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 55940 and stronger Hayfield ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 55940 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 55940 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Hayfield:
Property Strategy for 55940
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $247,449 | $1,210 | 3.5% | +6.9% | $123,725 |
| 3BR | $302,265 | $1,700 | 4.0% | +7.1% | $100,755 |
| 4BR | $377,573 | $2,030 | 3.9% | +8.3% | $94,393 |
Market Trends
Home Value History (with trend line)
📊 How Does 55940 Compare?
| Metric | 55940 | Hayfield | Rochester, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $327,733 | $327,733 | N/A | $340,597 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 4.9% |
| Avg Rent | $1,089 | $1,089 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55940 (Hayfield, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $327,733 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 55940
Population: 2,810
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 55940
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Are homes affordable in Hayfield, MN?
The median home value in Hayfield, MN is roughly $328K. That puts it reasonable relative to the MN statewide average.
How do landlord-tenant laws work in Hayfield, MN?
Hayfield, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
What is the smart move for investors in Hayfield, MN?
Hayfield, MN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($328K prices, $1,089/mo rents) make it a reasonable choice.
Is Hayfield, MN a good place for real estate investing?
Investors tracking Hayfield, MN will find a 3.0/5 rating supported by $328K median home values and $1,089/mo rents. That profile suits long-term holders targeting measured returns.
Are renters plentiful in Hayfield, MN?
Tenant quality in Hayfield, MN ranks as solid. Landlords generally report consistent occupancy at market rents of $1,089/mo.
You know 55940 now. You don’t know where it ranks.
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How 55940 ranks in Rochester, MN
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