Inver Grove Heights, MN Real Estate

According to census data in the year 2000 there were 11,452 housing units in Inver Grove Heights. This represents a 40.5% growth from 8,149 in 1990.

Of those housing units, 10,489 were located in either urbanized areas or urban clusters, and 963 were located in what is classified as a rural area.

Homeownership rate in Inver Grove Heights is about 77.4%. Inver Grove Heights's vacancy rate, including seasonal lodging, is about 1.7%. Average household size is 2.62 people.

The majority of houses, apartments or condos in Inver Grove Heights were built after 1983.


Housing Size

Housing Units by Size
Studio Type1.30%
One Bedroom8.60%
Two Bedrooms34.10%
Three Bedrooms35.30%
Four Bedrooms16.80%
Five Bedrooms or more3.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.72
Median year structure was built1984
Median Value of occupied units$144,800
Median Price asked for vacant units$328,000

Rented Homes, Apartments and Condos

Average Household Size2.27
Median year structure was built1980
Median Monthly Rent asked for vacant units$758

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1%
Second Mortgage11%
Home Equity Loan13.60%
Simple Mortgage58.10%
Debt Free16.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.2%