Inver Grove Heights, Minnesota, has emerged as a dynamic community characterized by a robust economy and a diverse array of local businesses. This city, located just south of the Twin Cities, offers a unique blend of residential charm and commercial vitality.
Economic Landscape
The city’s economic health is reflected in its impressive median household income. As of 2024, the median household income stands at $101,316, surpassing both state and national averages. This financial strength contributes to a low poverty rate of 4.9%, underscoring the community’s overall prosperity.
Business Diversity
Inver Grove Heights hosts a variety of businesses, ranging from family-owned establishments to large corporations. Notably, the city is home to Fortune 100 company CHS, Inc., and the renowned gardening retailer Gertens. This mix of enterprises provides residents with ample employment opportunities and contributes to the city’s economic stability.
Housing Market
The local housing market reflects the city’s growth and desirability. Over the three months ending May 2026, home prices increased by 2.6% compared to the same period the previous year, with a median sale price of $380,000. Homes typically sell after 32 days on the market, indicating steady demand.
Community Growth
Inver Grove Heights continues to experience population growth, with estimates projecting a population of 36,873 by July 2025. This steady increase highlights the city’s appeal as a place to live and work.
Inver Grove Heights exemplifies a thriving community where economic growth and local businesses flourish, making it an attractive destination for residents and entrepreneurs alike.
