Market Overview
Home Prices in Hastings, MN
The median home value in Hastings, MN is $388,896 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.4% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hastings are priced5% below average. Hastings is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Hastings home values have risen by approximately16.5%, reflecting steady appreciation in this market.
Price History
Hastings Home Price Trend
City Comparison
Hastings vs. National Median
At $388,896, homes in Hastings cost 5% below the national median of $410,000. This makes Hastings a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hastings?
20% Down Payment
$77,779
on $388,896
Monthly P&I
$2,028/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,576/mo
incl. taxes & insurance
Income Needed
$103,040
gross annual (30% rule)
10% Down Option
$38,890
+ PMI applies
Loan Amount (20% dn)
$311,117
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hastings, MN?
The median home value in Hastings is $388,896 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.4% year-over-year.
How much have home prices changed in Hastings?
Over the past year, home values in Hastings have increased by 3.4%. Over five years, prices have risen approximately 16.5%.
How much do I need to earn to buy a home in Hastings?
To comfortably afford the median home price of $388,896 with a 20% down payment ($77,779) at today's rates (6.8%), you'd need a gross annual income of approximately $103,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Hastings compare to the national average home price?
The national median home value is approximately $410,000. At $388,896, homes in Hastings are 5% below the national average.
What metro area is Hastings part of?
Hastings is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.