Market Overview
Home Prices in Inver Grove Heights, MN
The median home value in Inver Grove Heights, MN is $381,411 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Inver Grove Heights are priced7% below average. Inver Grove Heights is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Inver Grove Heights home values have risen by approximately9.9%, reflecting steady appreciation in this market.
Price History
Inver Grove Heights Home Price Trend
City Comparison
Inver Grove Heights vs. National Median
At $381,411, homes in Inver Grove Heights cost 7% below the national median of $410,000. This makes Inver Grove Heights a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Inver Grove Heights?
20% Down Payment
$76,282
on $381,411
Monthly P&I
$1,989/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,526/mo
incl. taxes & insurance
Income Needed
$101,040
gross annual (30% rule)
10% Down Option
$38,141
+ PMI applies
Loan Amount (20% dn)
$305,129
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Inver Grove Heights, MN?
The median home value in Inver Grove Heights is $381,411 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Inver Grove Heights?
Over the past year, home values in Inver Grove Heights have increased by 2.2%. Over five years, prices have risen approximately 9.9%.
How much do I need to earn to buy a home in Inver Grove Heights?
To comfortably afford the median home price of $381,411 with a 20% down payment ($76,282) at today's rates (6.8%), you'd need a gross annual income of approximately $101,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Inver Grove Heights compare to the national average home price?
The national median home value is approximately $410,000. At $381,411, homes in Inver Grove Heights are 7% below the national average.
What metro area is Inver Grove Heights part of?
Inver Grove Heights is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.