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These days, finding an affordable place to live in the Hayfield area can be challenging. Home prices in Hayfield are now at a median cost of $255,104, lower than the Minnesota average of $345,793.
The average cost of rent is $949/mo in Hayfield, primarily driven by the current value of real estate in the Hayfield area. In Hayfield, 22.46% of households rent, and 36.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hayfield is $6,996 per month. Households that rent pay about 13.57% of their income on rent here. Hayfield’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Waltham, MN: higher priced homes
- Sargeant, MN: equally priced homes
- Mayville, MN: higher priced homes
- Rock Dell, MN: higher priced homes
- Dodge Center, MN: equally priced homes
- Kasson, MN: higher priced homes
- Salem Corners, MN: higher priced homes
- Brownsdale, MN: less expensive homes
- Blooming Prairie, MN: less expensive homes
- Lansing, MN: higher priced homes
Cities with Similar Populations
- Belfry, KY: less expensive homes
- Wilson, OK: less expensive homes
- Waterford Works, NJ: equally priced homes
- Warson Woods, MO: higher priced homes
- Wallace, SC: less expensive homes
- Uniontown, AL: less expensive homes
- Tracy, MN: less expensive homes
- Talihina, OK: less expensive homes
- Taft, OK: less expensive homes
- South Padre Island, TX: higher priced homes
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