Hastings, MI—49058
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hastings, MI
Hastings, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $256,000 | 3.7% |
| Single Family | $256,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $178,000 | 4.1% |
2 Bed | $216,000 | 5.4% |
3 Bed | $264,000 | 4.8% |
4 Bed | $314,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hastings, MI
As of July '25, Rentcast reports the average rent in Hastings, MI is $1,170, with a year-over-year rent change of -26.4%. Per bedroom, the median rent as of July '25 in Hastings, MI is 1-bedrooms: $886, 2-bedrooms: $1,080, 3-bedrooms: $1,600, 4-bedrooms: $2,000. The most common rental property sizes in Hastings, MI are 2-bedroom and 1-bedroom, accounting for 48.2% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,080 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $886 |
| 2 Bed Rent | $1,080 | $1,080 |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Hastings, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Hastings, MI is 40. This is a increase of 27.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $294,000 | 8.0% |
Listing Count | 62 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 40 | 27.0% |
Demographics — Hastings, MI
As of the latest ACS Survey released in 2023, Hastings, MI has a population of 19,500, which has increased by 2.3% over the past 5 years. Hastings, MI is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 23.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,500 | 2.3% |
% Under 18 | 21.1% | -0.9% |
% Seniors | 21.1% | 5.5% |
% WFH | 8.9% | 117.1% |
% w/ College Degree | 23.4% | 26.5% |
As of the latest ACS Survey released in 2023, Hastings, MI is a predominantly white area, with 92.3% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Hastings, MI is hispanic, making up 3.5% of the population. Foreign-born residents account for 2.9% of the population in Hastings, MI, and this percentage has increased by 52.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.3% | -1.7% |
% Black | 0.1% | -50.0% |
% Hispanic | 3.5% | 16.7% |
% Asian | 0.3% | -75.0% |
% Foreign Born | 2.9% | 52.6% |
Mortgage and Risk — Hastings, MI
According to HUD data as of 2023, there were 575 mortgage originations in Hastings, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Hastings, MI. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 575 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Hastings, MI
Hastings, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 97 |
Total Units Section 8 | 97 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 95.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$105 | $895 | $790 |
| 2 Bedroom | -$50 | $1,080 | $1,030 |
| 3 Bedroom | -$200 | $1,600 | $1,400 |
| 4 Bedroom | -$490 | $2,000 | $1,510 |
Affordability — Hastings, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $256,000 |
| Median Household Income | $71,200 |