Inver Grove Heights, a vibrant suburb of Saint Paul, 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% increase since the 2020 Census, reflecting its appeal as a desirable place to live and work.
Housing Market Trends
The local housing market has remained robust. Over the three months ending May 2026, the median sale price of homes in Inver Grove Heights was $379,773, marking a 2.6% increase compared to the same period 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 underscored by a median household income of $101,316, surpassing the national median. The unemployment rate stands at 4.5%, reflecting a stable job market. Key industries contributing to the local economy include manufacturing (31%), agriculture (26%), and healthcare (19%).
Local Business Developments
Inver Grove Heights is home to several significant businesses. CHS, Inc., a leading agricultural cooperative, has its headquarters here. Additionally, the Pine Bend Refinery, the largest oil refinery in Minnesota, operates within the city. The community also welcomes new ventures, such as the recently opened bookstore café, Cuppa More Pages, which offers a unique space for residents to enjoy literature and coffee.
Overall, Inver Grove Heights continues to foster a dynamic economic environment, balancing growth with community-focused initiatives.
