Real Estate Investing in Hayward, Minnesota (56043)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 56043 (Hayward, MN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.4% vacancy may signal weakening demand.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hayward, MN (56043)?
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Market Analysis: 56043 Hayward
On the rental side, ZIP 56043 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $218K median. It rewards specialists, not generalists.
Rent of $882/mo on a $218K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 56043 sits below the stated 0.0% once reality is priced in.
The gap between 56043 and stronger Hayward ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A substantial renter share of 14% in 56043 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 56043 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Hayward:
Market Trends
Home Value History (with trend line)
📊 How Does 56043 Compare?
| Metric | 56043 | Hayward | Albert Lea, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $218,316 | $218,316 | N/A | $340,597 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 4.9% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 56043 (Hayward, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $218,316 |
| Monthly Rent | $882 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (3.2%). 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 56043
Population: 429
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,454 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Hayward, MN?
Median home price in Hayward, MN is near $218K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
Is Hayward in MN worth investing in?
Hayward, MN rates 3.0/5 for investability. With median values at $218K and rents near $882/mo, the market offers reasonable fundamentals for rental investors.
Is the tenant base reliable in Hayward, MN?
Hayward, MN offers a reliable renter base at the $882/mo rent level. Tenant turnover is reasonable for well-managed properties.
How do landlord-tenant laws work in Hayward, MN?
Landlord-friendliness in Hayward, MN is balanced. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Hayward, MN good for house hacking?
Hayward, MN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $218K price point reasonable to enter.
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