Housing in Inver Grove Heights, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$325,000
Median List Price
$299,000
Price Per Sq Ft
$200
Days on Market
71
Active Inventory
64
Months of Supply
2.9
Seller's market
Zillow Home Value
$363,914
ZHVI — January 2026
Zillow Rent Index
$1,863
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
18.2%
Off Market in 2 Weeks
35.0%
Sale-to-List Ratio
98.5%
Buyer's market
Market Activity
Source: RedfinHomes Sold
22
New Listings
27
Pending Sales
20
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$200
Median List $/SF
$202
Inver Grove Heights vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Inver Grove Heights is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$352,300
Median Rent
$1,447
Total Housing Units
14,913
Vacancy Rate
2.1%
Owner Occupied
75.5%
Renter Occupied
24.5%
Median Property Tax
$3,344
per year
Monthly Cost (w/ Mortgage)
$1,587
Housing Types
The current median sale price in Inver Grove Heights, MN is $325,000 according to Redfin data. Homes spend a median of 71 days on the market. 18.2% of homes sold above asking price. The market has 2.9 months of supply. The median price per square foot is $200. Zillow's observed rent index is $1,863/month. About 75.5% of housing units are owner-occupied. The median year homes were built is 1990. There are 14,913 total housing units.