The story of this market
The typical home in ZIP 55077 sells for about $496,800, or $215 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,506 a month.
ZIP 55077 — Inver Grove Heights
The housing market in 55077 remains stable with moderate price appreciation and consistent demand. While inventory is limited, the area's strong school district and proximity to the Twin Cities continue to attract family buyers. Market conditions are balanced, though buyers remain sensitive to interest rate fluctuations.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with convenient access to the Twin Cities. It attracts buyers looking for established neighborhoods, good schools, and a balance between residential quiet and urban accessibility.
Median prices moved up 2.1% year over year.
Homes spend a median of 34 days on market with 2.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 4.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55077, Dakota County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Inver Grove Heights are generally lower than the national average, with property crime being the most frequently reported incident type. The area is considered safe relative to the broader Twin Cities metropolitan region.
The area is served by highly-rated public schools within the Inver Grove Heights Community Schools district, which is recognized for strong academic performance and diverse extracurricular offerings.
The area faces moderate risk from severe weather, including wind and hail, typical of the Upper Midwest. Flood risk is generally low, though localized areas near the Mississippi River require standard flood insurance coverage.
The area benefits from its proximity to the Twin Cities employment core, with ongoing commercial development along the Highway 52 corridor. Major employers include regional healthcare providers and logistics firms.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Residents primarily commute via Highway 52 and I-494, providing direct access to downtown St. Paul and the Minneapolis-St. Paul International Airport. Public transit options are limited, making personal vehicle ownership the standard for daily travel.
The ZIP features extensive parkland, including the Mississippi River Greenway and various community parks offering trails, sports fields, and picnic areas. Shopping and dining are concentrated along the main commercial arteries of the city.
The rental market is characterized by stable demand and low vacancy rates, driven by the area's suburban appeal and proximity to major employment hubs. Short-term rental activity is minimal due to local zoning regulations.
The local economy is anchored by healthcare, retail, and logistics, benefiting from the broader Twin Cities economic base. Employment momentum is stable with steady growth in service-sector jobs.
The area is served by major highway corridors including Highway 52 and I-494, facilitating regional travel. Public transit is primarily limited to bus services connecting to the regional transit network.
Development is focused on infill residential projects and commercial revitalization along major thoroughfares. City planning emphasizes maintaining suburban character while expanding local amenities.
Parcels are subject to Dakota County property taxes and the Inver Grove Heights Community Schools district levies. Some areas may be subject to specific utility or watershed district assessments.
Property insurance premiums are consistent with regional averages for the Twin Cities, reflecting standard risks for wind and hail. Market health is stable with competitive options for homeowners.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Mall of America®4.68.4 mi
- Valleyfair4.218.9 mi
- Great Wolf Lodge | Minnesota3.98.9 mi
- Nickelodeon Universe4.58.4 mi
- Edinborough Park4.612.3 mi
- U.S. Bank Stadium4.612.6 mi
- Grand Casino Arena4.66.9 mi
- Minneapolis Convention Center4.513 mi
- Minnesota State Fair4.710.2 mi
- Topgolf Brooklyn Center4.318.7 mi
- Mall of America®4.68.4 mi
- U.S. Bank Stadium4.612.6 mi
- Minnesota Zoo4.68.3 mi
- Como Park Zoo & Conservatory4.710 mi
- Minneapolis Institute of Art4.812.5 mi
- Minneapolis Institute of Art4.812.5 mi
- Science Museum of Minnesota4.66.7 mi
- Union Depot4.56.9 mi
- Walker Art Center4.513.5 mi
- Minnesota State Capitol4.77.6 mi
- Como Park Zoo & Conservatory4.710 mi
- Centennial Lakes Park4.712.6 mi
- Lake Harriet Regional Park4.812.9 mi
- Edinborough Park4.612.3 mi
- Lebanon Hills Regional Park4.84.8 mi
- Pool and Yacht Club4.75.1 mi
- Watergate Marina4.55.8 mi
- Emerald Greens Golf Course49.2 mi
- Hiawatha Golf Course3.89.9 mi
- Inver Wood Golf Course4.10.1 mi
- Keller Golf Course4.611 mi
- Highland National Golf Course4.46.2 mi
- Mall of America®4.68.4 mi
- Twin Cities Premium Outlets4.57.4 mi
- Rosedale Center4.312.4 mi
- Karmel Mall4.112.5 mi
- Maplewood Mall412.9 mi
- Minneapolis-Saint Paul International Airport4.47.5 mi
- Shoyu3.77.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive trail system along the riverfront.
Community park with recreational facilities.
Public 18-hole golf course.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).