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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 $451,290, higher than the Minnesota average of $345,793.
The average cost of rent is $1,507/mo in Inver Grove Heights, primarily driven by the current value of real estate in the Inver Grove Heights area. In Inver Grove Heights, 22.56% of households rent, and 35.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Inver Grove Heights is $9,630 per month. Households that rent pay about 15.65% of their income on rent here. Inver Grove Heights’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sunfish Lake, MN: higher priced homes
- South St. Paul, MN: less expensive homes
- St. Paul Park, MN: less expensive homes
- Newport, MN: equally priced 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: equally 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: higher priced homes
- Port Angeles, WA: less expensive homes
- Pleasant Hill, CA: higher priced homes
- Pleasant Grove, UT: higher priced homes
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