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Advertise here →Inver Grove Heights, MN · Market Data
Inver Grove Heights, Minnesota real estate market data.
Real estate market data for Inver Grove Heights, MN (Dakota County) — Census median home value $352,300, county listing prices down about 3.1% over the past year.
Inver Grove Heights, MN is in Dakota County, Minnesota — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 35,772, with a median household income of $104,055. Census data puts Inver Grove Heights's median home value at $352,300 (all owner-occupied homes); Dakota County's current median listing price runs $465,000, down about 3.1% over the past year.
At a glance
Inver Grove Heights market snapshot
Population
35,772
Median Household Income
$104,055
Median Home Value (city)
$352,300
Median Listing Price (Dakota County)
$465,000
Median Gross Rent
$1,447/mo
Price Trend (YoY)
-3.1%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Inver Grove Heights different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Inver Grove Heights's median home value — across all owner-occupied homes, not just recent sales — at $352,300. Separately, Dakota County's current median listing price (via Realtor.com data, 2026-06-01) runs $465,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Dakota County's FHFA house price index shows a 1.49% annual change in 2025.
Population & Income
Inver Grove Heights has an estimated population of 35,772 and a median household income of $104,055, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Inver Grove Heights's Census-reported median home value works out to about 3.4x the area's median household income, and median gross rent runs roughly 17% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Inver Grove Heights FAQ
What are home values like in Inver Grove Heights, MN?
The Census Bureau's American Community Survey puts Inver Grove Heights's median home value at $352,300. Dakota County's current median listing price runs $465,000, down about 3.1% over the past year.
What is the population of Inver Grove Heights, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Inver Grove Heights's population at approximately 35,772.
What's the median rent in Inver Grove Heights, MN?
The Census ACS estimates median gross rent in Inver Grove Heights at approximately $1,447 per month.
What is the median household income in Inver Grove Heights, MN?
Census ACS data puts the median household income in Inver Grove Heights at approximately $104,055.
Is the Inver Grove Heights housing market growing?
Dakota County's FHFA house price index shows a 1.49% annual change in 2025.
Is Inver Grove Heights, MN affordable relative to income?
Census ACS data puts Inver Grove Heights's median home value at about 3.4 times the median household income, with median gross rent equal to roughly 17% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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