Inver Grove Heights offers a dynamic housing market with options for various buyers and renters. Understanding the current trends can help you make informed decisions.
Current Housing Market Trends
The housing market in Inver Grove Heights has shown steady growth. As of April 2026, the median listing price is $431,950, reflecting a 5.27% decrease from the previous year. The median sold price stands at $385,500, marking a 31.02% increase year-over-year. Homes are selling faster, with a median of 27 days on the market, a 15.63% decrease compared to the previous year.
Rental Market Insights
For those considering renting, the median rent in Inver Grove Heights is $2,600 per month, with 17 active rental listings available. This indicates a stable rental market with consistent demand.
New Developments
Exciting developments are underway to meet the community’s housing needs. A new project at 6050 Cahill Avenue will introduce two affordable apartment buildings totaling 220 units. The first phase includes a four-story, 140-unit workforce affordable building, followed by an 80-unit senior affordable building. Amenities will feature a fitness center, community room, and outdoor spaces.
Whether you’re looking to buy, rent, or invest, Inver Grove Heights presents a range of opportunities in its evolving housing landscape.
