Market Overview
Home Prices in Hayward, MN
The median home value in Hayward, MN is $226,412 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hayward are priced45% below average. Hayward is part of the Albert Lea, MN metro area.
Over the past five years, Hayward home values have risen by approximately26.1%, reflecting strong long-term appreciation in this market.
Price History
Hayward Home Price Trend
City Comparison
Hayward vs. National Median
At $226,412, homes in Hayward cost 45% below the national median of $410,000. This makes Hayward a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hayward?
20% Down Payment
$45,282
on $226,412
Monthly P&I
$1,181/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,500/mo
incl. taxes & insurance
Income Needed
$60,000
gross annual (30% rule)
10% Down Option
$22,641
+ PMI applies
Loan Amount (20% dn)
$181,130
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hayward, MN?
The median home value in Hayward is $226,412 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8% year-over-year.
How much have home prices changed in Hayward?
Over the past year, home values in Hayward have increased by 8%. Over five years, prices have risen approximately 26.1%.
How much do I need to earn to buy a home in Hayward?
To comfortably afford the median home price of $226,412 with a 20% down payment ($45,282) at today's rates (6.8%), you'd need a gross annual income of approximately $60,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Hayward compare to the national average home price?
The national median home value is approximately $410,000. At $226,412, homes in Hayward are 45% below the national average.
What metro area is Hayward part of?
Hayward is part of the Albert Lea, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.