According to statistics, the population in Hastings, MN amounts to 22,620, which shows decline 1% compared to the previous year. The median age of the city’s residents is 40. The average household income is $66,403, shifting growth 7% from the past year, and the average property value in Hastings, MN growth 5% to $192,500 throughout the year.
|Number Of Employees||11,871|
|Median Property Value||$192,500|
The average household income in Hastings, MN grew from $62,155 to $66,403 in the past year. This data is an estimate based upon 8,917 households in Hastings, MN . The chart below presents how household income is distributed in Hastings, MN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Hastings, MN shifted from $182,800 to $192,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Hastings, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Hastings, MN properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Hastings, MN compared to median property taxes around the country. The prevalent amount of property taxes in Hastings, MN equals $2500, which is less than the national average.
|Apartment Size||Feb||vs Last Month|
|4+ bed apartments||$438,803||-1.7%|
During March 2023, the average price for an apartment in/near Hastings, MN decreased by 4.1% to $365,520.
Knowing the current property prices is key if you plan to buy a studio in Hastings, MN. The average price for a studio has decreased since the last month, currently being $310,200. Asking price for 2-bed apartment also decreased by 6% and a place of this size will now cost you $308,494. A 3-bed apartment goes for $343,023, it decreased by 2.7% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 1.7% and made it down to $438,803.
|Listing Type||Feb||vs Last Month|
|Lofts for sale||$334,950||+0%|
|Houses for sale||$396,366||-4.1%|
|Condos for sale||$226,214||-2.8%|
|Townhouses for sale||$401,600||+0%|
|Other for sale||$399,000||+0%|
|Land for sale||$177,000||N/A|
Price reports demonstrate that house price decreased by 4.1% this month making it up to $396,366. Condos faced an upward trend these days. The median price for a condo decreased by 2.8%, it’s now available for $226,214. The price statistics of lofts have not significantly changed, it now still goes for $334,950. Value of the townhouses didn’t change, the price still starts at $401,600. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $177,000. Other types of properties for sale would cost $399,000 on average. Our data shows that this amount has stayed roughly the same compared to February.