Hastings, MN

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Hastings short-term rental market based on reliable data.

Listings

15 / 28

Reliable / Active

Cap Rate

15%

Middle-Earners Gross Yield

Revenue

$49,804

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$329,958

Median Home Sale Price

Top Earners

$123,212

Top-Earners Revenue

Hastings

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Hastings.

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B

Generally Investor friendly

Hastings Regulations

STRs are explicitly allowed with a standard rental license and inspections under the city’s Structure Maintenance Code and Property Maintenance Ordinance, with no stated caps and a supportive tone. Compliance is straightforward but involves zoning confirmation, licensing, safety inspections, and state lodging tax registration, keeping the burden moderate rather than prohibitive.

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About Hastings

Hastings ( HAY-stingz) is a city mostly in Dakota County, Minnesota, of which it is the county seat, with a portion in Washington County, Minnesota, United States. It is near the confluence of the Mississippi, Vermillion, and St. Croix Rivers. The population was 22,154 at the 2020 census. It is named for the first elected governor of Minnesota, Henry Hastings Sibley.The advantages of Hastings's location that led to its original growth are that it is well-drained, provides a good riverboat port, and is close to a hydropower resource at the falls of the Vermillion River. Other sites closer to the river confluence are either too swampy (Dakota County) or too hilly (Washington County and Pierce County, Wisconsin). U.S. Highway 61 and Minnesota State Highways 55 and 316 are three of Hastings's main routes.

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