Inver Grove Heights, located in Dakota County, Minnesota, has emerged as a vibrant center for business and economic development. With a population of approximately 36,144 residents and a median household income of $104,055, the city provides a robust foundation for both established enterprises and budding entrepreneurs.
Economic Landscape
The city’s economy is characterized by a diverse mix of industries. Manufacturing leads the employment sector, accounting for 31% of jobs, followed by agriculture at 26%, and healthcare at 19%. This industrial diversity not only offers a range of employment opportunities but also contributes to the city’s economic resilience.
Key Employers
Inver Grove Heights is home to several prominent businesses. CHS, Inc., a Fortune 500 agricultural cooperative, has its headquarters here, underscoring the city’s significance in the agricultural sector. Additionally, the Pine Bend Refinery, the largest oil refinery in Minnesota, operates within the city, further bolstering the local economy. Gertens Greenhouses, one of the largest garden centers in the United States, also calls Inver Grove Heights home, adding to the city’s commercial diversity.
Real Estate and Housing Market
The housing market in Inver Grove Heights reflects the city’s economic vitality. As of July 2026, the median price for a single-family home stands at $365,900, with a median Automated Valuation Model (AVM) value of $378,000 for properties sold in the past year. The market has seen 490 residential properties sold over the last 12 months, indicating steady demand and growth.
Community and Lifestyle
Beyond its economic attributes, Inver Grove Heights offers a high quality of life. The city boasts excellent schools, numerous parks, and a variety of recreational facilities, including the Veterans Memorial Community Center and Inver Wood Golf Course. Annual events like Inver Grove Heights Days foster a strong sense of community and attract visitors from neighboring areas.
Inver Grove Heights stands as a testament to balanced growth, combining economic development with community well-being. Its strategic location, diverse industries, and supportive environment make it an attractive destination for businesses and residents alike.
