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Hastings Area

Learn about the people, housing, costs and businesses in Hastings Area, Michigan

Median Home$256,282
Median Rent$899/month
Population32,000
Leading IndustriesRetail · Professional Services21% retail
Home Value Growth⬆⬆+16.2% over 2 years
Retirees23% of residentsslightly above average
Homeowners82% of occupied units
Hastings Area
MI

Frequently Asked Questions

What are today's mortgage rates in Hastings Area?

As of today, the 30-year fixed mortgage rate for Hastings Area is approximately 6.966% (7.005% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hastings Area?

The median home value in Hastings Area is $256k. The median monthly rent is $899. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hastings Area?

Home values in Hastings Area have increased 16.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hastings Area?

Based on a typical all-in ownership cost of $1,070/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hastings Area is $74k/year.

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What industries drive the economy in Hastings Area?

The largest employment sectors in Hastings Area are public administration (23%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.