55077, Inver Grove Heights, MN

The 55077 zip code of Inver Grove Heights, Minnesota has a median home value of $206,000 and a median home equity value of $137,000. The average home in the 55077 zip code was built in 1978 and is approximately 2,500 square feet. Approximately 51% of the homes in the 55077 zip code are owner-occupied while 49% are rented.

There has been an increase in home values over the past five years, with an average increase of 7%. This is likely due to strong job growth and low interest rates. The average price per square foot for homes in the 55077 zip code is $123 which is above the Minnesota state average of $101.

The majority (83%) of homeowners in the 55077 zip code have a mortgage while 17% have no mortgage. Homeowners who do have a mortgage typically have an interest rate around 4%.