Inver Grove Heights, a vibrant city in Dakota County, Minnesota, continues to experience steady economic growth and development. With a population of approximately 36,873 as of July 2025, the city has seen a 3.0% increase since the 2020 Census, reflecting its appeal as a desirable place to live and work.
Housing Market Trends
The housing market in Inver Grove Heights has remained robust. As of May 2026, the median sale price for homes reached $379,773, marking a 2.6% increase from the previous year. Homes are selling after an average of 32 days on the market, indicating sustained demand in the area.
Economic Indicators
The city’s economic health is further underscored by a median household income of $101,316, surpassing the national median. The unemployment rate stands at 3.6%, reflecting a stable job market. Additionally, 76.9% of housing units are owner-occupied, highlighting a strong sense of community investment.
Local Business Developments
Inver Grove Heights is home to several significant businesses contributing to its economic vitality. CHS, Inc., a leading agricultural cooperative, has its headquarters in the city. The Pine Bend Refinery, the largest oil refinery in Minnesota, also operates here, providing numerous employment opportunities.
On the retail front, Gertens Greenhouses, one of the largest garden centers in the United States, continues to attract customers from across the region. Additionally, the recent opening of Cuppa More Pages, a bookstore café that functions as a life-sized Little Free Library, adds a unique charm to the local business scene.
Looking Ahead
With its steady population growth, thriving housing market, and dynamic local businesses, Inver Grove Heights stands as a testament to balanced economic development. The city’s commitment to fostering a supportive environment for both residents and businesses positions it well for continued prosperity in the years to come.
