Inver Grove Heights, MN has a median housing value of $494,000. This is significantly higher than the US median housing value at $338,100. Over the last year, the US house appreciation was 8.27%, while in Inver Grove Heights it was 6.66%. Despite lower house appreciation than the national average, Inver Grove Heights remains one of the pricier places to purchase a home in Minnesota. It presents potential homeowners with an ideal opportunity to own a higher-valued property while still having access to quality schools, amenities, and other features that make this area desirable for many people.
The median home cost in Inver Grove Heights (zip 55077) is $494,000. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Inver Grove Heights (zip 55077) is up 12.2%.
Average Age of Homes
- The median age of Inver Grove Heights (zip 55077) real estate is 30 years old
The Rental Market in Inver Grove Heights (zip 55077)
- Renters make up 37.2% of the Inver Grove Heights (zip 55077) population
- 0.0% of houses and apartments in Inver Grove Heights (zip 55077), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.