Median home value: $364K (+1.9% YoY). Rent: $1,863/mo. Price-to-rent: 16.3x. Part of Minneapolis-St. Paul-Bloomington, MN-WI.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Minneapolis-St. Paul-Bloomington, MN-WI metro page.
Home Value$363,914
+1.9%
Rent$1,863/mo
AFFORDABILITYRenting $372/mo cheaper ($1,863 rent)6.00% 30yr, 20% down, county tax + MN ins. 28% per HUD.
Enter your income for Inver Grove Heights.
$72,783 on $363,914
Stretch — 35.8% of income
Above 28% but manageable with cuts.
PITI$2,235
P/I35.8%
Afford$285K
Gap-$79K
P&I $1,745Tax $340Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing