HomeMinnesotaDakota CountyHastings city
Hastings city, Minnesota: commercial real estate data.
Hastings city is a Census city of 22,117 people across 10.35 square miles of land, lying across Dakota County and Washington County. Median household income is $93,998, 76.4 percent of occupied homes are owned, and the SBA record carries 28 7(a) approvals to borrowers here worth $15.8 m.
78 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Hastings
What Hastings is
- Census place typecity
- Land area10.35 sq mi
- Water area0.85 sq mi
- Population per square mile of land2,136
- County holding the largest share of its areaDakota County, 97.4 percent
- Counties this place lies inDakota County 97.4 percent, Washington County 2.6 percent
Hastings city crosses a county line. The split above is measured from the Census boundary of the place against the county boundaries, by area, so it says where the ground is and not where the town hall is.
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hastings
How many people live in Hastings
- Population22,117
- Median age41.0
- Population under 184,810
- Share under 1821.7 percent
- Population 65 and over4,383
- Share 65 and over19.8 percent
- Households8,985
- Family households5,711
- Share of households that are families63.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hastings
Income and work in Hastings
- Median household income$93,998
- Per capita income$44,593
- Civilian labor force12,154
- Employed11,555
- Unemployed599 plus or minus 194
- Unemployment rate4.9 percent plus or minus 1.6
- Adults 25 and over15,522
- Adults 25 and over with a high school diploma or higher95.0 percent
- Adults 25 and over with a bachelor degree or higher30.9 percent
- Adults 25 and over with a graduate degree7.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hastings
Housing in Hastings
- Housing units9,302
- Occupied units8,985
- Vacant units317 plus or minus 144
- Vacancy rate3.4 percent plus or minus 1.5
- Owner occupied6,861
- Renter occupied2,124
- Ownership rate76.4 percent
- Median owner-occupied home value$322,400
- Median gross rent, monthly$1,183
- Annual rent as a share of median income15.1 percent
- Single family units6,794
- Share single family73.0 percent
- Units in buildings of two or more2,190
- Share in buildings of two or more23.5 percent
- Mobile homes258 plus or minus 85
- Median year structure built1984
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hastings
How Hastings gets to work
- Workers 16 and over who commute9,880
- Commuting under 15 minutes3,150
- Share commuting under 15 minutes31.9 percent
- Commuting 30 minutes or more3,670
- Share commuting 30 minutes or more37.1 percent
- Drove alone77.2 percent
- Carpooled6.2 percent plus or minus 2.1
- Public transport0.2 percent plus or minus 0.2
- Walked1.9 percent plus or minus 0.8
- Worked from home13.0 percent plus or minus 2.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hastings
SBA loans in Hastings (7(a))
- Approvals28
- Gross approval$15,815,200
- Average approval$564,829
- Median approval$225,000
- Ninetieth percentile approval$1,286,300
- Largest approval$4,000,000
- Jobs supported381
- Jobs per approval13.6
- Loans with a final outcome4
- Paid in full4
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more7.1 percent
- Share to franchises3.6 percent
- Distinct lenders20
- Distinct industries by NAICS18
A charge-off rate is not published here. only 4 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hastings
SBA loans in Hastings (504)
- Approvals34
- Gross approval$13,810,000
- Average approval$406,176
- Median approval$288,000
- Largest approval$1,790,000
- Jobs supported212
- Loans with a final outcome15
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- Median term240 months
- Distinct CDCs5
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Dakota County, not Hastings
Dakota County context, not Hastings figures
These are Dakota County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Hastings measurements.
- Establishments in Dakota County10,964
- Employment at those establishments, Dakota County185,426
- Covered employment, Dakota County189,387
- Average annual pay, Dakota County$72,792
- Average weekly wage, Dakota County$1,400
- Housing units permitted, Dakota County2,146
- Of those, single family, Dakota County1,236
- County product, 2024, Dakota County$37,138,379,000
- County product change over the prior year, Dakota County4.6 percent
- Average income of an arriving household, Dakota County$70,009
Every figure in this section is published for Dakota County as a whole and is not a measurement of Hastings. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Hastings questions, answered from the record.
How many people live in Hastings, Minnesota?
22,117, in 8,985 households. Hastings city covers 10.35 square miles of land, which is 2,136 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Hastings in?
Hastings lies in more than one. By area it is 97.4 percent in Dakota County, 2.6 percent in Washington County. This page sits under Dakota County because that county holds the largest share. The split is measured from the Census boundary of the place against the county boundaries.
What is the median household income in Hastings?
$93,998. The median owner-occupied home is valued at $322,400. Median gross rent is $1,183 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Hastings businesses?
28 7(a) approvals totalling $15.8 m, across 20 lenders, median approval $225,000, plus 34 504 approvals worth $13.8 m. These count approvals to borrowers whose address is in Hastings, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Hastings borrowers get paid back?
No rate is published for Hastings. only 4 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Hastings figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Dakota County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Hastings.
Is zoning published for Hastings?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.