Hastings, MN Real Estate
According to census data in the year 2000 there were 6,749 housing units in Hastings.
This represents a 21.7% growth from 5,547 in 1990.
Of those housing units, 6,666 were located in either urbanized areas or urban clusters, and 83 were located in what is classified as a rural area.
Homeownership rate in Hastings is about 76.5%.
Hastings's vacancy rate, including seasonal lodging, is about 1.6%.
Average household size is 2.64 people.
The majority of houses, apartments or condos in Hastings were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 12% |
| Two Bedrooms | 24% |
| Three Bedrooms | 40.70% |
| Four Bedrooms | 19.30% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.86 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $131,700 |
| Median Price asked for vacant units | $102,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $625 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 13.30% |
| Home Equity Loan | 14.40% |
| Simple Mortgage | 47.70% |
| Debt Free | 24.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
