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Inver Grove Heights city, MN

ZIP 55077 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55077

Median Home Value
$496,800
Median Rent
$1,409
Affordability Snapshot
$137,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,191/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

29.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55077 in Inver Grove Heights city, MN, a household would need roughly $137,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,191. That is about 26% above the local median household income ($108,314), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
62.8%-4% vs US avg
x
Vacancy Rate
0.6%-94% vs US avg
x
Broadband Access
95.0%+9% vs US avg
x
4+ Bedrooms
14.7%-1% vs US avg
x
Built Pre-1939
1.3%-90% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
20.5%-59% vs US avg
x
Mortgage-Free
28.8%-25% vs US avg
x
$496,800
Home Value
$1,409
Rent
1989
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached58.1%
  • 1-unit attached4.1%
  • 2-9 units3.6%
  • 10+ units29.8%
  • Mobile home & other4.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$496,800
Median rent$1,409
Owner-occupied62.8%
Vacant0.6%
Price-to-income4.6x
Est. income to buy$137,000