Quick facts: Hastings, MI

Quick Facts

94.9
Cost of Living
below US average
7,524
Population
18.61
Crime Rate per 1000
below US average
$54,118
Median Income
below US average
$237,000
Median House Price
above US average
$2195.0
Average Rent
above US average
12%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $54,118.

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Income Needed to Buy

βœ— Stretch
$74k/year
Based on $237,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $74k vs median $54,118
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Income Needed to Rent

⚠ Stretch
$94k/year
Based on $2195.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $94k vs median $54,118
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hastings, MI

Hastings is a charming city located in Barry County, Michigan. Known for its picturesque landscapes and rich history, Hastings serves as a hub for agriculture and small businesses. The city is situated along the Thornapple River, which enhances its scenic beauty and recreational opportunities, including kayaking and fishing. Hastings boasts a close-knit community with a population of around 7,000 residents. The downtown area features a mix of historic architecture, local shops, and eateries, creating a quaint and inviting atmosphere. The city's commitment to preserving its heritage is evident in sites like the Barry County Courthouse and the Historic Hastings Museum. Community events, such as the annual Barry County Fair and various festivals, bring residents together and foster a strong sense of belonging. Outdoor enthusiasts can explore nearby parks and trails, making it an ideal location for nature lovers. In addition to its recreational offerings, Hastings has a solid educational system, including public and private schools, ensuring families have access to quality education. Overall, Hastings, MI, combines a friendly community spirit with beautiful surroundings, making it a great place to live or visit.

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