Total monthly cost of ownership
Cost to Own a Home in Hayfield, Minnesota
A $173,000 home here costs
$1,526per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $889. The real number is $636 higher every month — 72% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Hayfield against Dodge County and Minnesota
| Measure | Hayfield | Dodge County |
|---|---|---|
| Median home value | $173,000 | $267,500 |
| Median property tax | $2,358 | $2,902 |
| Effective tax rate | 1.363% | 1.085% |
| Median gross rent | $933 | $1,007 |
| Population | 1,382 | 20,962 |
The weather behind that power bill
Hayfield sits in Dodge County, which averages a high of 80.3°F in its hottest month and a low of 7.0°F in its coldest, with 34.67" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 533 cooling and 7,856 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Dodge County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dodge County
Full Dodge County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Hayfield?
A $173,000 home in Hayfield, Minnesota costs approximately $1,526 per month with 20% down at 6.66%. That is $889 principal and interest, $196 property tax, $75 homeowners insurance, $220 utilities and $144 set aside for maintenance.
What is the property tax rate in Hayfield?
Hayfield has an effective property tax rate of 1.363%, based on a median home value of $173,000 and median real estate taxes of $2,358. That is higher than the Dodge County average of 1.085%.
What is the average home price in Hayfield?
The median owner-occupied home value in Hayfield, Minnesota is $173,000, against $267,500 across Dodge County.
Is it cheaper to rent or buy in Hayfield?
Median gross rent in Hayfield is $933 a month, against $1,526 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hayfield — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Minnesota.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.