Inver Grove Heights, MN Real Estate
According to census data in the year 2000 there were 11,452 housing units in Inver Grove Heights.
This represents a 40.5% growth from 8,149 in 1990.
Of those housing units, 10,489 were located in either urbanized areas or urban clusters, and 963 were located in what is classified as a rural area.
Homeownership rate in Inver Grove Heights is about 77.4%.
Inver Grove Heights's vacancy rate, including seasonal lodging, is about 1.7%.
Average household size is 2.62 people.
The majority of houses, apartments or condos in Inver Grove Heights were built after 1983.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 8.60% |
| Two Bedrooms | 34.10% |
| Three Bedrooms | 35.30% |
| Four Bedrooms | 16.80% |
| Five Bedrooms or more | 3.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1984 |
| Median Value of occupied units | $144,800 |
| Median Price asked for vacant units | $328,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.27 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $758 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 11% |
| Home Equity Loan | 13.60% |
| Simple Mortgage | 58.10% |
| Debt Free | 16.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.2% |
