HomeMinnesotaDakota CountyInver Grove Heights city
Inver Grove Heights city, Minnesota: commercial real estate data.
Inver Grove Heights city is a Census city of 35,906 people across 27.85 square miles of land, in Dakota County. Median household income is $101,316, 76.9 percent of occupied homes are owned, and the SBA record carries 50 7(a) approvals to borrowers here worth $25.2 m.
77 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Inver Grove Heights
What Inver Grove Heights is
- Census place typecity
- Land area27.85 sq mi
- Water area2.37 sq mi
- Population per square mile of land1,289
- County holding the largest share of its areaDakota County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Inver Grove Heights
How many people live in Inver Grove Heights
- Population35,906
- Median age41.6
- Population under 187,460
- Share under 1820.8 percent
- Population 65 and over6,440
- Share 65 and over17.9 percent
- Households15,158
- Family households10,341
- Share of households that are families68.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Inver Grove Heights
Income and work in Inver Grove Heights
- Median household income$101,316
- Per capita income$55,446
- Civilian labor force20,774
- Employed20,018
- Unemployed756 plus or minus 198
- Unemployment rate3.6 percent plus or minus 0.9
- Adults 25 and over26,044
- Adults 25 and over with a high school diploma or higher95.8 percent
- Adults 25 and over with a bachelor degree or higher43.5 percent
- Adults 25 and over with a graduate degree14.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Inver Grove Heights
Housing in Inver Grove Heights
- Housing units15,495
- Occupied units15,158
- Vacant units337 plus or minus 131
- Vacancy rate2.2 percent plus or minus 0.8
- Owner occupied11,661
- Renter occupied3,497
- Ownership rate76.9 percent
- Median owner-occupied home value$363,400
- Median gross rent, monthly$1,465
- Annual rent as a share of median income17.4 percent
- Single family units11,739
- Share single family75.8 percent
- Units in buildings of two or more3,316
- Share in buildings of two or more21.4 percent
- Mobile homes440 plus or minus 150
- Median year structure built1990
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Inver Grove Heights
How Inver Grove Heights gets to work
- Workers 16 and over who commute14,942
- Commuting under 15 minutes3,948
- Share commuting under 15 minutes26.4 percent
- Commuting 30 minutes or more4,315
- Share commuting 30 minutes or more28.9 percent
- Drove alone65.7 percent
- Carpooled6.1 percent plus or minus 1.8
- Public transport2.0 percent plus or minus 1.0
- Walked1.5 percent plus or minus 0.8
- Worked from home23.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Inver Grove Heights
SBA loans in Inver Grove Heights (7(a))
- Approvals50
- Gross approval$25,206,600
- Average approval$504,132
- Median approval$150,000
- Ninetieth percentile approval$2,000,000
- Largest approval$3,400,000
- Jobs supported607
- Jobs per approval12.1
- Loans with a final outcome11
- Paid in full8
- Charged off3
- Charge-off rate over resolved loans27.3 percent
- Median term120 months
- Share on real estate terms of 20 years or more12.0 percent
- Share to franchises10.0 percent
- Distinct lenders24
- Distinct industries by NAICS32
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Inver Grove Heights
SBA loans in Inver Grove Heights (504)
- Approvals17
- Gross approval$20,343,000
- Average approval$1,196,647
- Median approval$824,000
- Largest approval$5,045,000
- Jobs supported245
- Loans with a final outcome4
- Charged off0
- Median term300 months
- Distinct CDCs6
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Dakota County, not Inver Grove Heights
Dakota County context, not Inver Grove Heights figures
These are Dakota County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Inver Grove Heights measurements.
- Establishments in Dakota County10,964
- Employment at those establishments, Dakota County185,426
- Covered employment, Dakota County189,387
- Average annual pay, Dakota County$72,792
- Average weekly wage, Dakota County$1,400
- Housing units permitted, Dakota County2,146
- Of those, single family, Dakota County1,236
- County product, 2024, Dakota County$37,138,379,000
- County product change over the prior year, Dakota County4.6 percent
- Average income of an arriving household, Dakota County$70,009
Every figure in this section is published for Dakota County as a whole and is not a measurement of Inver Grove Heights. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Inver Grove Heights questions, answered from the record.
How many people live in Inver Grove Heights, Minnesota?
35,906, in 15,158 households. Inver Grove Heights city covers 27.85 square miles of land, which is 1,289 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Inver Grove Heights in?
Dakota County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Inver Grove Heights?
$101,316. The median owner-occupied home is valued at $363,400. Median gross rent is $1,465 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Inver Grove Heights businesses?
50 7(a) approvals totalling $25.2 m, across 24 lenders, median approval $150,000, plus 17 504 approvals worth $20.3 m. These count approvals to borrowers whose address is in Inver Grove Heights, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Inver Grove Heights borrowers get paid back?
Of the 11 loans that have reached a final outcome, 8 were paid in full and 3 charged off, a charge off rate of 27.3 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Inver Grove Heights figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Dakota County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Inver Grove Heights.
Is zoning published for Inver Grove Heights?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.