Commercial Real Estate Market in Hayfield, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 55 off-market properties in Hayfield, MN.
Market Trends
Hayfield, MN spans 93.0 square miles in Dodge County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hayfield, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Hayfield, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hayfield, MN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Hayfield, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 69.2%
- Industrial 19.2%
- Commercial 11.7%
Largest Zones share of zoned land by district
Multiple Family Residential District
Manufacturing District
General Commercial District
Highway Commercial District
Residential District
Hayfield, MN zones 804 acres across 5 districts. Commercial zoning covers 11.7% of zoned land, residential 69.2% and industrial 19.2%. The largest single district is Multiple Family Residential District at 66.8%. For commercial buyers the practical constraint is that only 30.8% of land carries a commercial or industrial designation.
Multiple Family Residential District (R-2)
R-2 RESIDENTIAL DISTRICTS Section 7.01 Intent. The intent of R-2 Residential District is to provide land area for residential uses on larger urban lots that include and are compatible with single family dwelling units. Section 7.02 Permitted Uses. A. Single family dwellings. B. Duplexes, Townhomes, and Apartment of not more than 16 units. C. Childcare facili…
Market overview
Demographics & Economy
Hayfield, MN has 2,720 residents in 1,186 households. Density runs 29 people per square mile. Median household income here is $83,906 and median gross rent $1,009 a month.
2,720
Population
1,186
Households
2.3
Avg Household Size
40
Median Age
25%
College-Educated
95%
High-School Grad
93 sq mi
ZIP Area
29
Density / Sq Mi
$83,906
Median Household Income
$49,934
Median Earnings
$1,009
Median Rent
$240,700
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Hayfield?
Hayfield, MN zones 804 acres across 5 districts, of which 11.7% is commercial and 19.2% industrial. The largest single district is Multiple Family Residential District at 66.8% of zoned land. R-2 RESIDENTIAL DISTRICTS Section 7.01 Intent. The intent of R-2 Residential District is to provide land area for residential uses on larger urban lots that include and are compatible with single family dwelling units. Section 7.02 Permitted Uses. A. Single family dwellings. B. Duplexes, Townhomes, and Apartment of not more than 16 units. C. Childcare facili… Residential zoning covers 69.2% and open space 0%.
Where does Realmo's Hayfield market data come from?
Realmo compiles Hayfield, MN figures from 3 recent recorded sales, 19 active sale listings, 55 tracked off-market properties, the current Hayfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 0 active for-lease listings in Hayfield, MN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 804 zoned acres across 5 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
