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Hayward, MN Profile: Facts & Data

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Hayward, Minnesota - Basic Facts

The City of Hayward had a population of 227 as of July 1, 2024.

The primary coordinate point for Hayward is located at latitude 43.6505 and longitude -93.2441 in Freeborn County. The formal boundaries for the City of Hayward encompass a land area of 0.63 sq. miles and a water area of 0 sq. miles. Freeborn County is in the Central time zone (GMT -6).

The City of Hayward has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.


Jump to... (On This Page!)
  1. Hayward 2024 Demographic Data
  2. Growth Rates for Hayward (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2024 Demographics
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Hayward, MN Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 227 (100%)
Population in Households 227 (100.0%)
Population in Families 188 (82.8%)
Population in Group Quarters1 0
Population Density 373
Diversity Index2 23
 
 

INCOME

Median Household Income $96,105
Average Household Income $105,501
% of Income for Mortgage4 15%
Per Capita Income $51,589
Wealth Index5 101
Socioeconomic Status Index6 Moderate (47.9)
 

HOUSING

Total HU (Housing Units) 116 (100%)
Owner Occupied HU 103 (88.8%)
Renter Occupied HU 8 ( 6.9%)
Vacant Housing Units 5 ( 4.3%)
Median Home Value $230,357
Average Home Value $276,942
Housing Affordability Index3 159
 

HOUSEHOLDS

Total Households 111
Average Household Size 2.05
Family Households 80
Average Family Size 2.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population -2.43% -0.18%
Households -0.83% -0.18%
Families   0.25%
Median Household Income   2.04%
Per Capita Income   2.31%
Owner Occupied HU   -1.19%

Hayward, MN - Peer Comparisons by Rank and Percentile

The table below compares Hayward to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 656 28th
Population Density # 572 38th
Median Household Income # 199 78th
Housing Affordability Index # 812 89th
Per Capita Income # 148 84th
Diversity Index # 385 58th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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