Hayfield, MN · standard

ZIP Code 55940

Dodge County, Minnesota — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

2,666
11/sq mi
$83,885
Median income
$245,900
Median home value
24.4%
Bachelor's or higher

The verdict

Hayfield pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.

Top 33%
household income, US ZIPs
Top 43%
home value, US ZIPs
11
people per sq mi
77%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55940 against every reporting US ZIP.

ZIP code 55940 is classified by USPS as a standard delivery area and covers roughly 233.9 square miles in Hayfield, Dodge County, Minnesota. The area is home to 2,666 residents, producing a population density of 11 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 55940 against Minnesota and the nation.

On the economic side, the median household income for ZIP 55940 sits at $83,885 (2% above the Minnesota average), while per-capita income is $39,241. The poverty rate stands at 10.5% and the unemployment rate at 3.5%. On housing, the median home value is $245,900 (4% below the state average) with median rent at $995 per month, and 77.4% of occupied units are owner-occupied, a direct signal of whether 55940 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 24.4% of adults hold a bachelor's degree or higher, the median age is 38.4, and the average commute is 26 minutes. We also surface 4 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Dodge County, so you can benchmark 55940 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Top industries in ZIP 55940

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 55940.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 55940, Hayfield, MN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.

Quick Facts

2,666

Population

233.9

Area (sq mi)

11

People / sq mi

Chicago

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 55940?

38.4

Median Age

51.1%

Male

48.9%

Female

1.3%

Foreign-Born

White 86.0%
African American 5.0%
Asian 1.0%
American Indian or Alaska Native 0.1%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 5.2%
Hispanic or Latino 4.9%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$83,885

Median Household Income

+2% vs state

$39,241

Per Capita Income

10.5%

Poverty Rate

3.5%

Unemployment Rate

25.6 min

Mean Commute Time

How ZIP 55940 ranks nationally

Household income vs. every US ZIP code

Median household income — the full national distribution, with this ZIP marked

$83,885 Top 33% higher than 67% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). This entry sits in this band. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau — ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 55.5%
Bachelor's Degree or Higher 24.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

1,173

Total Housing Units

1,089

Occupied Units

84

Vacant Units

2.51

Avg Household Size

Occupancy Type

Owner 77.4%
Renter 22.6%

$245,900

Median Home Value

-4% vs state

$995

Median Rent

1972

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+20.7%

YoY Change (2024)

252

HPI Index (2000 = 100)

+152%

Total Change Since 2000

Home values in ZIP 55940 have increased 20.7% over the past year (2024). Since 2000, this ZIP has seen +152% cumulative appreciation.

Year Annual Change HPI Index
2020 +5.7% 171
2021 +11.8% 191
2022 +7.3% 204
2023 +2.1% 209
2024 +20.7% 252

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 49 business establishments in ZIP 55940, employing approximately 455 people with a combined annual payroll of $18,380,000.

49

Businesses

455

Employees

$18.4M

Annual Payroll

6

Industry Sectors

Industry Establishments % of Total
Other services (except public administration) 8 16.3%
Construction 7 14.3%
Retail trade 7 14.3%
Transportation and warehousing 7 14.3%
Manufacturing 3 6.1%
Finance and insurance 3 6.1%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 55940 vs 55973 →

ZIP 55940 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 55940 ranks #3 by population — useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 55940 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 55940 ranks #5 of 5 neighboring ZIPs — local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
55973 Sargeant, MN 285 6.3 mi
55944 Kasson, MN 7,151 7.2 mi
55982 Waltham, MN 436 6.8 mi
55927 Dodge Center, MN 4,071 10.2 mi

More ZIP Codes in Dodge County

Frequently Asked Questions

What county is ZIP code 55940 in?
ZIP code 55940 (Hayfield) is located in Dodge County, Minnesota. Dodge County contains multiple ZIP codes, see the full list at /counties/dodge-mn.
What is the population of ZIP code 55940?
ZIP code 55940 in Hayfield, MN has a population of 2,666 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55940?
The median household income in ZIP 55940 is $83,885, which is 10% above the national average of $76,288.
What is the average home value in ZIP 55940?
The median home value in ZIP 55940 is $245,900, which is 12% below the national average of $278,155.
What is the demographic makeup of ZIP 55940?
The largest racial group in ZIP 55940 is White at 86.0%. Hispanic or Latino residents make up 4.9% of the population.
How many businesses are in ZIP code 55940?
ZIP code 55940 has 49 business establishments employing approximately 455 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55940?
The top industries by establishment count in ZIP 55940 are: Other services (except public administration) (8), Construction (7), Retail trade (7). There are 6 industry sectors represented in total.
How have home values changed in ZIP code 55940?
According to the FHFA House Price Index, home values in ZIP 55940 increased by 20.7% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 152%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 55940?
In ZIP code 55940, 55.5% of residents aged 25+ have a high school diploma or higher, and 24.4% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 55940?
The mean commute time for workers in ZIP code 55940 is 25.6 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 55940?
In ZIP code 55940, approximately 77.4% of occupied housing units are owner-occupied and 22.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55940?
The poverty rate in ZIP code 55940 is 10.5% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Hayfield, MN

Verify and explore additional data for this area using these official government sources.