Morgan Leone
Hastings Real Estate
Morgan Leone provides expert guidance for those navigating the Hastings, Minnesota real estate market. This riverfront city offers a blend of historic charm and modern development for every type of buyer.
Hastings, Minnesota is defined by its scenic landscape and varied housing stock. The city contains 9,302 housing units (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates), ranging from established properties to new construction. The market is characterized by a strong sense of permanent residency, as 76% of homes are owner-occupied (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates).
Morgan Leone assists clients with single-family homes and townhouses throughout the area. With the median year homes were built being 1984 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates), buyers often find a mix of mid-century builds and newer developments. As a local professional, Morgan stays present through the entire transaction, ensuring no question goes unanswered from the first showing to the closing table.
Whether exploring investment properties or seeking a first home, the Hastings market remains steady. Buyers should note that 63% of residents have commutes under 30 minutes (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). Morgan Leone focuses on educating clients, providing the clarity needed to make informed decisions in a competitive regional environment.
By the numbers
Hastings, MN at a glance
| Population2020–2024 ACS 5-year estimates | 22,117 |
|---|---|
| Housing units2020–2024 ACS 5-year estimates | 9,302 |
| Median home value (owner-occupied)2020–2024 ACS 5-year estimates | $322,400 |
| Median monthly rent2020–2024 ACS 5-year estimates | $1,183 |
| Median annual property tax paid2020–2024 ACS 5-year estimates | $3,160 |
| Homes that are owner-occupied2020–2024 ACS 5-year estimates | 76% |
| Homes that are single-family detached2020–2024 ACS 5-year estimates | 57% |
| Median year homes were built2020–2024 ACS 5-year estimates | 1984 |
| Commutes under 30 minutes2020–2024 ACS 5-year estimates | 63% |
| Home price change, 1 year (Dakota County)2024 to 2025 | +1.5% |
| Home price change, 5 years (Dakota County)2020 to 2025 | +32.3% |
| Average 30-year fixed mortgage rate (U.S.)week of 2026-09-24 | 7.03% |
| Average 30-year fixed mortgage rate a year earlier (U.S.)week of 2025-09-18 | 6.26% |
Sources: U.S. Census Bureau, American Community Survey; Federal Housing Finance Agency House Price Index; Freddie Mac Primary Mortgage Market Survey. Published estimates for the area as a whole, not a valuation of any property.
FAQ
Frequently asked questions
What is the median home value in Hastings, Minnesota?↓
The median home value for owner-occupied units in Hastings is $322,400 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). This figure reflects the diverse range of residential options available in the city. Morgan Leone uses these benchmarks to help sellers price accurately and buyers bid confidently.
How much are property taxes in Hastings?↓
Property owners in Hastings pay a median annual property tax of $3,160 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). Tax amounts can vary based on specific property characteristics and locations within the city. Morgan Leone helps clients understand how these carrying costs impact their overall monthly budget.
What types of houses are most common in Hastings?↓
Single-family detached homes are the most prevalent, making up 57% of the housing in the city (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). The remaining inventory includes townhouses, multi-family units, and apartments. Morgan Leone specializes in navigating these different property types to find the right fit for each client's needs.
How has the real estate market in the Hastings area changed recently?↓
In Dakota County, which includes Hastings, home prices saw a 1-year change of +1.5% (Federal Housing Finance Agency House Price Index, 2024 to 2025). Looking at a longer trend, the 5-year price change reached +32.3% (Federal Housing Finance Agency House Price Index, 2020 to 2025). These figures indicate a history of steady appreciation in the local region.
What are the current mortgage rates for buyers in Hastings?↓
The average 30-year fixed mortgage rate in the U.S. was 7.03% for the week of 2026-09-24 (Freddie Mac Primary Mortgage Market Survey). This is an increase from the average of 6.26% recorded one year earlier (Freddie Mac Primary Mortgage Market Survey, week of 2025-09-18). Morgan Leone works closely with lenders to help buyers navigate these changing interest rates.
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