Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Inver Grove Heights area can be challenging. Home prices in Inver Grove Heights are now at a median cost of $357,951, higher than the Minnesota average of $269,934.
The average cost of rent is $1,332/mo in Inver Grove Heights, primarily driven by the current value of real estate in the Inver Grove Heights area. While nearly 30.90% of residents own their homes outright in Inver Grove Heights, 22.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in Inver Grove Heights is $8,843 per month. Households that rent pay about 15.06% of their income on rent here. Inver Grove Heights's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Sunfish Lake, MN: higher priced homes
- South St. Paul, MN: less expensive homes
- St. Paul Park, MN: less expensive homes
- Newport, MN: less expensive homes
- West St. Paul, MN: less expensive homes
- Mendota Heights, MN: higher priced homes
- Lilydale, MN: higher priced homes
- Cottage Grove, MN: less expensive homes
- Eagan, MN: less expensive homes
- Mendota, MN: higher priced homes
Cities with Similar Populations
- Arnold, MO: less expensive homes
- Burien, WA: higher priced homes
- Calumet City, IL: less expensive homes
- Hyde Park, MA: higher priced homes
- Redan, GA: less expensive homes
- Mount Airy, NC: less expensive homes
- Randolph, MA: equally priced homes
- Port Angeles, WA: less expensive homes
- Pleasant Hill, CA: higher priced homes
- Pleasant Grove, UT: equally priced homes
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