All Countries
Inver Grove Heights, MN
Full City Profile · Minnesota · Dakota County County
3.8
/5.0
B+
Good
35,772
Population
1,284/sq mi density
$104,055
Median Income
$53,071 per capita
$352,300
Home Value
$368,056 Zillow
$1,447
Median Rent
28.8% income on rent
47°F
Avg Temperature
276 sunny days/yr
219
Violent Crime/100K
1,822 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$104,055 median income, 2.5% unemployment
A+
Affordability
4.8 / 5.0
$352,300 home value, $1,447/mo rent
F
Safety
1.0 / 5.0
219 violent crimes/100K
A
Education
4.4 / 5.0
43.1% bachelor's degree or higher
Housing Overview
Median Home Value
$352,300
25% above
US avg: $281,900
Median Rent
$1,447/mo
24% above
US avg: $1,163/mo
Homeownership Rate
75.5%
15% above US avg (65.4%)
Total Housing Units
15,078
Median year built: 1990
Home Value by Source
Census Median
$352,300
Zillow (ZHVI)
$368,056
Median Sale Price
$342,348
Median List Price
$419,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
75.5%
Owner-Occupied
24.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$1,447/mo
· Zillow rent:
$1,896/mo
Market Indicators (Redfin)
Median Days on Market
48 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
24
Price Drops
14.3%
of listings with price reduction
Price Per Sq Ft
$197
Active Inventory
63
homes for sale
Affordability & Housing Stock
Rent Burden
28.8%
of renters spending 30%+ of income on housing
7% below US avg (31.0%)
Median Year Built
1990
Average age of housing stock: 36 years
Homeownership Rate
75.5%
Complete Housing Data
Home Values
| Census Median Value | $352,300 |
| Zillow Home Value (ZHVI) | $368,056 |
| Median Sale Price | $342,348 |
| Median List Price | $419,900 |
| Price Per Sq Ft | $197 |
Rent
| Census Median Rent | $1,447 |
| Zillow Rent (ZORI) | $1,896 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 48 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 14.3% |
| Homes Sold | 24 |
| Active Inventory | 63 |
| Price Per Sq Ft | $197 |
Ownership & Stock
| Owner-Occupied | 75.5% |
| Renter-Occupied | 24.5% |
| Homeownership Rate | 75.5% |
| Total Housing Units | 15,078 |
| Median Year Built | 1990 |
| Rent Burden | 28.8% |