Ivanhoe, MN
Full City Profile · Minnesota · Lincoln County County
3.5
/5.0
B+
Good
627
Population
965/sq mi density
$54,583
Median Income
$31,273 per capita
$65,500
Home Value
$222,093 Zillow
$550
Median Rent
18.8% income on rent
43°F
Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$54,583 median income, 9.5% unemployment
A+
Affordability
5.0 / 5.0
$65,500 home value, $550/mo rent
C+
Education
2.6 / 5.0
19.4% bachelor's degree or higher
Housing Overview
Median Home Value
$65,500
77% below
US avg: $281,900
Median Rent
$550/mo
53% below
US avg: $1,163/mo
Homeownership Rate
80.1%
22% above US avg (65.4%)
Total Housing Units
333
Median year built: 1959
Home Value by Source
Census Median
$65,500
Zillow (ZHVI)
$222,093
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
80.1%
Owner-Occupied
19.9%
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:
$550/mo
Affordability & Housing Stock
Rent Burden
18.8%
of renters spending 30%+ of income on housing
39% below US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
80.1%
Complete Housing Data
Home Values
| Census Median Value | $65,500 |
| Zillow Home Value (ZHVI) | $222,093 |
Rent
| Census Median Rent | $550 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 80.1% |
| Renter-Occupied | 19.9% |
| Homeownership Rate | 80.1% |
| Total Housing Units | 333 |
| Median Year Built | 1959 |
| Rent Burden | 18.8% |