Housing market/Minnesota/ZIP 55940
ZIP 55940 Hayfield, Mower County, Minnesota
Mower County, MN · Minnesota. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 55940 · MN — sent to you.
ZIP 55940 · MN
ACS rent vs 2BR SAFMR
ZIP 55940 — Hayfield, MN HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 55940
- 1-unit detached97181.9%
- 1-unit attached494.1%
- 2–4 units70.6%
- 5–49 units11910.0%
- 50+ units40.3%
- Mobile363.0%
2–4 unit share 0.6% · 5–49 unit share 10.0% · combined 2–49 10.6%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,009 (all bedrooms, occupied rentals).
- Median contract rent $674.
- Renters paying ≥30% of income 47.7%; ≥50% 43.1%.
- FY2027 2BR SAFMR $1,270 (1.259× ACS median gross rent).
Population
2,810 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +0.5%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: not published for this ZIP.
- HUD project-based assisted MF: 1 properties, 24 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 40 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 55940 21.6% of occupied households are renters; vacancy is 5.8%; ACS median gross rent is $1,009; population increased +0.5% between the 2018 and 2023 ACS vintages; the housing stock includes 7 units in 2–4-unit structures and 119 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,270 versus ACS median gross rent of $1,009. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Minnesota research
ZIP 55940 is a Census / HUD profile for Mower County, MN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 55940 — Hayfield, MN HUD Section 8 Payment Standards / SAFMR·Minnesota ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Minnesota research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 55940?
ZIP 55940 (Mower County, MN) has 2,810 residents, 1,117 households, a renter share of 21.6%, median household income of $83,906, and ACS 2023 median gross rent of $1,009. Vacancy is 5.8%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 55940?
ACS counts 7 units in 2-unit buildings, 0 in 3–4 unit buildings, 3 in 5–9, 80 in 10–19, and 36 in 20–49. Combined 2–49 unit stock is 126 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 55940?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,270. See the full schedule and 90–110% payment-standard band on the ZIP 55940 — Hayfield, MN HUD Section 8 Payment Standards / SAFMR.
Does this Minnesota ZIP profile include Georgia listings?
No. ZIP 55940 is Census / HUD research for Mower County, MN. Jeff Crowe CRE does not list Minnesota property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.