Inver Grove Heights is one of Dakota County's more affordable entry points, with a mix of mid-century homes on generous lots and newer construction in the south end. Its long-term owners are now hitting reverse-mortgage age.
The Inver Grove Heights housing market
Median home values in Inver Grove Heights sit in the high-$300s to low-$400s, with newer construction and river-adjacent homes climbing higher. Dakota County property taxes are typically lower than Hennepin.
Reverse mortgages in Inver Grove Heights
A HECM can eliminate a remaining mortgage payment and free up $1,000-$2,500 per month for retirees on a fixed income, meaningful in a Dakota County property tax environment.
For the statewide rules, counseling requirements and 2026 lending limits, read the Minnesota reverse mortgage guide, or see the Dakota County reverse mortgage guide. New to the program? Start with what is a reverse mortgage.
Neighborhoods
- Salem Hills
- Wildwood
- Argenta Trails
- River Heights
- Cahill Estates
Loan options for Inver Grove Heights
- Reverse Mortgage (HECM)
- HECM for Purchase
- Conventional
- FHA & VA
- First-Time Buyer
- Refinance
Attractions & landmarks
- Swing Bridge Park
- Rich Valley Golf Club
- Mississippi River bluffs
- Inver Wood Golf Course
Schools
Primarily served by Inver Grove Heights Community Schools (ISD 199) and Simley High School (ISD 199).