Inver Grove Heights, a dynamic city in Dakota County, Minnesota, continues to experience significant economic growth and development. With a population of approximately 35,772 residents, the city boasts a median household income of $104,055, surpassing both state and national averages. This economic vitality is reflected in various sectors, including housing, employment, and local businesses.
Housing Market Trends
The housing market in Inver Grove Heights has shown resilience and growth. As of March 2026, the median sale price of homes reached $384,000, marking a 3.8% increase from the previous year. The median sale price per square foot stands at $197. Homes typically spend an average of 71 days on the market, indicating a steady demand in the real estate sector.
Employment and Industry
The city’s economy employs approximately 20,000 individuals across diverse industries. The largest sectors include Health Care & Social Assistance, Manufacturing, and Professional, Scientific, & Technical Services. Notably, the Professional, Scientific, & Technical Services sector offers the highest average salary of $95,565, highlighting the city’s appeal to skilled professionals.
Local Business Development
Inver Grove Heights fosters a supportive environment for local businesses and entrepreneurs. The Economic Development Authority (EDA), led by Councilmember Sue Gliva, plays a pivotal role in guiding economic initiatives. The EDA convenes bi-monthly to discuss and implement strategies aimed at enhancing the city’s economic landscape.
Recent additions to the local business scene include ‘Cuppa More Pages,’ a unique bookstore café that combines literature and community engagement. This establishment exemplifies the city’s commitment to supporting innovative local enterprises.
Community and Education
The community’s emphasis on education is evident, with over 43% of adults holding a bachelor’s degree or higher. This educated workforce contributes to the city’s economic stability and attractiveness to businesses seeking skilled employees.
Inver Grove Heights continues to thrive as a community that balances economic growth with a high quality of life, making it an appealing destination for residents and businesses alike.
