Zip Code
55940
City
Hayfield, MN
Population & Migration
What is the forecasted population for Zip code 55940 Hayfield, MN?
- Population census 2020
- 2,744
- Forecasted population 2025
- 2,800
- 0.02% vs. 2020
- Forecasted population 2030
- 2,825
- 0.03% vs. 2020
Zip code 55940 Hayfield, MN population is forecasted to decrease 0.02% by 2025 (-2.6 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 2,800 people for 2025 zip code 55940 Hayfield, MN will generate a good demand for housing, which is expected to have a deficit of 35 houses for 2030. Vacancy rate is 4.3 points below national US average.
- Total homes available 2020
- 1,203
- Estimated total home demand in 2030
- 1,238
- Total homes balance inventory
- 35
Average Household Income in zip code 55940 Hayfield, MN
from Internal Revenue Service
- Average household income in 2021
- $87,188
Affordability
- Affordability Index
- 3
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 55940 Hayfield, MN?
County total number of drinking water violations
7
-97%
244
County total number of drinking water contaminations
6
-75%
24
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