Hastings, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hastings Neighborhoods Since 2000




Hastings, MN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hastings Housing Market Information

With a population of 22,552, 9,029 total housing units (homes and apartments), and a median house value of $211,054, Hastings real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hastings, accounting for 50.75% of the city's housing units. Other types of housing that are prevalent in Hastings include row houses and other attached homes ( 21.45%), large apartment complexes or high rise apartments ( 15.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hastings. Owner-occupied housing accounts for 72.73% of Hastings's homes, and 59.55% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hastings built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hastings built between 2000 and later ( 25.30%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.93%). There's also some housing in Hastings built before 1939 ( 9.92%).

Hastings Home Appreciation Rates

Hastings's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hastings during the period has been just -1.23%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Hastings's appreciation rate, at 4.98%, has been at or slightly above the national average. In the latest quarter, Hastings's appreciation rate has been 1.44%, which annualizes to a rate of 5.89%.

Relative to Minnesota, our data show that Hastings's latest annual appreciation rate is higher than 60% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hastings differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hastings - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hastings real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$211,054

Hastings, MN HOME PRICES

Value Range
> $1,172,000 0.3
$879,001 - $1,172,000 0.4
$586,001 - $879,000 1.1
$469,001 - $586,000 2.5
$352,001 - $469,000 9.4
$234,001 - $352,000 24.8
$117,001 - $234,000 47.8
$58,001 - $117,000 5.7
$0 - $58,000 8.0

High for MN
High for Nation

Value Relative to Nation Value Relative to State
29.6613148951131 35.523613963039

Number Of Homes And Apartments:
9,029

Hastings Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
26.86% 1.39% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,007 / per month

Homeownership Rate

Homeownership
Owners 72.73
Renters 27.27
Vacant 5.67

Housing Market Details

 

Age of Homes

AGE OF Hastings HOMES
2000 or Newer 25.3
1970 - 1999 41.8
1940 - 1969 22.9
1939 or Older 9.9

Types of Homes

TYPE OF Hastings HOMES
Single-Family 50.8
Townhomes 21.4
Small Apt. Buildings 6.8
Apt. Complexes 15.2
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Hastings HOMES
No Bedroom 1.27
1 Bedroom 7.87
2 Bedrooms 28.13
3 Bedrooms 41.21
4 Bedrooms 18.33
5 or more bedrooms 3.18