55940 — Hayfield, MN Home Values
Typical home value $327,604 as of June 2026 · 22nd of 35 in Rochester, MN
Blue: typical home value (Zillow ZHVI) in ZIP code 55940, June 2021 to June 2026. This page shows observed data only; no forecast.
How 55940 compares in the Rochester, MN area
ZIP code 55940 (Hayfield, MN) has a typical home value of $327,604 as of June 2026, ranking 22nd of 35 ZIP codes tracked in the Rochester, MN area, more expensive than about 40% of ZIP codes in the metro. Prices here have moved +9.2% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +31.3%, from $249,602 in June 2021 to $327,604 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Rochester, MN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Rochester.
Population and demographics
ZIP code 55940 has a population of 2,810, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 89.4% White, 3.7% Black or African American, 2.3% Hispanic or Latino, 1.8% two or more races, 1.6% Asian, and 1.3% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| HAYFIELD SECONDARY | 9 6TH AVE SE, HAYFIELD, MN | 1.5 mi |
| HAYFIELD ELEMENTARY | 9 6TH AVE SE, HAYFIELD, MN | 1.6 mi |
| TRITON MIDDLE SCHOOL | 813 W HIGHWAY ST, DODGE CENTER, MN | 9.6 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 55940?
$327,604 as of June 2026, the latest month Zillow has published observed data for.
Is 55940 an expensive ZIP code in the Rochester, MN area?
55940 ranks 22nd of 35 ZIP codes in the Rochester, MN area by typical home value, more expensive than about 40% of ZIP codes in the metro.
How much have home values in 55940 changed over the past year?
+9.2% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 55940?
2,810, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 55940?
HAYFIELD SECONDARY (1.5 mi), HAYFIELD ELEMENTARY (1.6 mi), TRITON MIDDLE SCHOOL (9.6 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 55940?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Rochester, MN forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.