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 Low-density area
- $83,885
- Median income Above-median income area
- $245,900
- Median home value Near-median home value
- 24.4%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 55940 (Hayfield, MN) rose +20.7% from 2023 to 2024. The all-transactions index moved from 208.7 in 2023 to 252.0 in 2024 (2000 = 100).
ZIP code 55940 covers 233.9 square miles in Hayfield, Dodge County, Minnesota (a standard USPS delivery area), with a modest 2,666 residents on file, a density of 11 people per square mile, in the Chicago time zone.
ZIP 55940 lands in the middle-income range, with a median household income of $83,885 (2% above the average Minnesota ZIP), while per-capita income is $39,241. The poverty rate is 10.5%, with unemployment at 3.5%; those measures add context to the income figure. Median home value is $245,900 (4% below the average Minnesota ZIP) and median rent is $995; 77.4% of occupied homes are owner-occupied.
Educational attainment sits below the national norm: 24.4% of adults hold a bachelor's degree or higher, the median age is 38.4, and the average commute is 26 minutes. The page also surfaces 4 ZIP codes within roughly 10 miles and 6 more in Dodge County, so 55940 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 55940
Top 5 sectors by establishment count in Hayfield, MN
Which industries have the most business establishments in ZIP 55940.
- Other services (except public administration)
Other services (except public administration)
8 establishments
- Construction
Construction
7 establishments
- Retail trade
Retail trade
7 establishments
- Transportation and warehousing
Transportation and warehousing
7 establishments
- Manufacturing 3
Manufacturing
3 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, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; 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
Who lives in ZIP 55940?
38.4
Median Age
51.1%
Male
48.9%
Female
1.3%
Foreign-Born
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 ZIP avg
$39,241
Per Capita Income
10.5%
Poverty Rate
3.5%
Unemployment Rate
25.6 min
Mean Commute Time
How ZIP 55940 ranks among Minnesota ZIPs
Hayfield, MN household income vs. every Minnesota ZIP code
Median household income among 864 reporting Minnesota ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$83,885 Top 39% higher than 61% of 864 Minnesota ZIPs
Each bar is a $20K-wide band; taller bars hold more Minnesota 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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
1,173housing units
1,173
Total Housing Units
1,089
Occupied Units
84
Vacant Units
2.51
Avg Household Size
Occupancy Type
$245,900
Median Home Value
-4% vs state ZIP avg
$995
Median Rent
1972
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
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.
- 55944
Kasson (55944)
7,151 residents
- 55927
Dodge Center (55927)
4,071 residents
- 55940 2,666
Hayfield (55940)
2,666 residents
- 55982 436
Waltham (55982)
436 residents
- 55973 285
Sargeant (55973)
285 residents
What this shows Among its immediate neighbors, ZIP 55940 ranks #3 by population - useful context the national average alone can't give.
ZIP 55940 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55973
Sargeant (55973)
$110,417 median income
- 55982
Waltham (55982)
$102,344 median income
- 55927
Dodge Center (55927)
$99,566 median income
- 55944
Kasson (55944)
$95,180 median income
- 55940
Hayfield (55940)
$83,885 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.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 55940, both outside MN so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (2,666 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Dodge County
Related Areas
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.
Related
Take this with you
What to do with ZIP 55940's numbers, next.
- See how ZIP 55940 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Hayfield, MN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.