Hastings, MI 49058 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hastings, MI—49058

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$255,000

3.8% YoY Growth

Household Income

$71,200

26.3% YoY Growth

Days on Market

43

8.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$1,080

26.4% YoY Growth

1-Bed Rent

$895

18.1% YoY Growth

2-Bed Rent

$1,080

6.9% YoY Growth

3-Bed Rent

$1,600

27.3% YoY Growth

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	$255,000	3.8%
Single Family	$254,000	3.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	$179,000	4.1%

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

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% of Rental Stock

Studio

2.7%

1 Bedroom

29.2%

2 Bedrooms

48.2%

3 Bedrooms

14.8%

4 Bedrooms

4.8%

5+ Bedrooms

0.3%

Property Listings — Hastings, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Hastings, MI is 45. This is a increase of 10.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$283,000	17.0%
Listing Count	55	-2.0%
Listings as % of Homes	0.5%	-2.0%
Days on Market	43	-8.0%

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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%

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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%

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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%

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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

Hastings, MI—49058

Key Metrics at a Glance

Home Price Trends — Hastings, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hastings, MI

% of Rental Stock

Property Listings — Hastings, MI

Demographics — Hastings, MI

Race and Ethnicity

Mortgage and Risk — Hastings, MI

Mortgages

Rentals and Section 8 — Hastings, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Hastings, MI

Home Price to Income Ratio

Hastings, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Freeport, MI

Dowling, MI

Delton, MI

Woodland, MI

Middleville, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$255,000
Median Household Income	$71,200

Hastings, MI—49058

Key Metrics at a Glance

Home Price Trends — Hastings, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hastings, MI

% of Rental Stock

Property Listings — Hastings, MI

Demographics — Hastings, MI

Race and Ethnicity

Mortgage and Risk — Hastings, MI

Mortgages

Rentals and Section 8 — Hastings, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Hastings, MI

Home Price to Income Ratio

Hastings, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Freeport, MI

Dowling, MI

Delton, MI

Woodland, MI

Middleville, MI

Frequently Asked Questions

What is the average home price in Hastings, MI 49058?

How have home prices in Hastings, MI 49058 changed over the past year?

What is the home price projection for Hastings, MI 49058?

What are the demographics of Hastings, MI 49058?

How long does it take homes to sell in Hastings, MI 49058?

What is the average rent price in Hastings, MI 49058?