Much like its nearby areas, it's somewhat more expensive compared to the US as a whole. Compared to the city of Minneapolis, it's close to average.
Home prices
The median home in Inver Grove Heights is valued at $254,500. Compared to the surrounding areas this is is very similar.In comparison to the United States as a whole it is approximately $37,000 (17%) higher, and in comparison to the city of Minneapolis is about $2,900 (1%) higher.
Rents
Inver Grove Heights's median monthly rent is $1,142. In comparison to other places in this area it is about $83 (7%) higher.Compared to the nation as a whole it is approximately $80 (7%) higher, and is approximately $115 (11%) higher in comparison to the city of Minneapolis.
Nearby places
St. Paul Park
St. Paul Park is Inver Grove Heights's neighbor to the east. Its housing prices are a lot less expensive. The median home price in St. Paul Park is $191,800, which comes out to $62,700 (32%) lower than Inver Grove Heights. Its rents are pretty similar. In St. Paul Park the median monthly rent is $1,130, which is $12 (1%) lower than Inver Grove Heights.
South St. Paul
South St. Paul is Inver Grove Heights's neighbor to the north. Its housing prices are a lot less expensive. The median home price in South St. Paul is $192,100, which is $62,400 (32%) lower than Inver Grove Heights. The rent there is a bit less expensive. In South St. Paul the median rent is $937 per month, which works out to $205 (21%) lower than Inver Grove Heights.
Newport
Newport is Inver Grove Heights's neighbor to the northeast. The housing prices there are a little less expensive. Newport's median home price is $216,300, which comes out to $38,200 (17%) lower than Inver Grove Heights. Its rents are a little less expensive. In Newport the median rent is $901 per month, which works out to $241 (26%) lower than Inver Grove Heights.
Eagan
Eagan is Inver Grove Heights's neighbor to the west. Its real estate prices are a bit more expensive. The median home in Eagan is valued at $288,200, which is $33,700 (11%) higher than Inver Grove Heights. Rent there is fairly similar. In Eagan the median rent is $1,201 per month, which is $59 (4%) higher than Inver Grove Heights.
Mendota Heights
Mendota Heights is Inver Grove Heights's neighbor to the northwest. The real estate prices there are substantially more expensive. Mendota Heights's median home price is $392,600, which comes out to $138,100 (35%) higher than Inver Grove Heights. Rents there are similar. Mendota Heights's median monthly rent is $1,127, which comes out to $15 (1%) lower than Inver Grove Heights.
