Home Insurance in Hayward, Minnesota
Homes in Hayward carry a median value of $114,000 - 33% lower than the Freeborn County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Hayward was built around 1966. About 42% of homes were built before 1960, about 9 points below Freeborn County's 52%.
In Hayward, the housing stock is 93% single-family homes and 7% apartments in buildings with 5+ units.
About 64% of owner-occupied homes in Hayward have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 83% of occupied homes in Hayward are owner-occupied. The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
73% of homes in Hayward are primarily heated with natural gas.
Freeborn County's top FEMA-rated hazard is strong wind (Relatively Moderate), per FEMA's National Risk Index. Freeborn County had 18 active NFIP flood policies as of September 2026. See the full Freeborn County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Minnesota, the statewide average premium for a standard HO-3 homeowners policy is $1,988 per year (NAIC, 2023 data).
Key figures
| Median home value | $114,000 |
|---|---|
| Median year built | 1966 |
| Owner-occupied share | 83% |
| Share of owner-occupied homes with a mortgage | 64% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Freeborn County | 18 |
| Home insurance premium | $1,988 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)