Hastings, MI Real Estate
According to census data in the year 2000 there were 2,950 housing units in Hastings.
This represents a 12.7% growth from 2,618 in 1990.
Of those housing units, 2,825 were located in either urbanized areas or urban clusters, and 125 were located in what is classified as a rural area.
Homeownership rate in Hastings is about 67.8%.
Hastings's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in Hastings were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 13% |
| Two Bedrooms | 29.70% |
| Three Bedrooms | 37.80% |
| Four Bedrooms | 16.30% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.81 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $89,500 |
| Median Price asked for vacant units | $97,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 9.30% |
| Home Equity Loan | 3.80% |
| Simple Mortgage | 56.40% |
| Debt Free | 30.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
