Inver Grove Heights, a city in Dakota County, Minnesota, has experienced steady growth and economic development in recent years. With a population of approximately 36,984 as of 2026, the city has seen a 3.24% increase since the 2020 census. This growth reflects the city’s appeal as a residential and business hub.
Housing Market Trends
The housing market in Inver Grove Heights has remained robust. Over the three months ending May 2026, home prices increased by 2.6% compared to the same period last year, with a median sale price of $380,000. Homes typically sell after 32 days on the market, indicating a healthy demand for residential properties.
Income and Employment
The median household income in Inver Grove Heights stands at $101,316, surpassing the national median. The city’s poverty rate is relatively low at 4.86%, suggesting a stable economic environment for residents. Additionally, 71% of the population aged 16 and over are part of the civilian labor force, with a notable 67.5% participation rate among females.
Local Business Developments
Inver Grove Heights continues to foster a vibrant local business scene. A notable addition is the bookstore café, Cuppa More Pages, which opened in mid-2025. This establishment offers a unique experience, inviting patrons to take or leave books, akin to a life-sized Little Free Library, while enjoying a selection of beverages.
The city’s commercial landscape is diverse, ranging from family-owned businesses to large corporations. Notably, it is home to Fortune 100 company CHS, Inc., and gardening giant Gertens, contributing significantly to the local economy.
Community and Economic Outlook
Inver Grove Heights’ combination of residential growth, a strong housing market, and a dynamic business environment positions it as a thriving community. The city’s commitment to fostering local businesses and maintaining a high quality of life continues to attract new residents and entrepreneurs alike.
