Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Ivanhoe

Learn about the people, housing, costs and businesses in Ivanhoe, Minnesota

Median Home$169,400
Median Rent$677/month
Population560
Leading IndustriesConstruction · Agriculture & Mining · Professional Services20% construction
Home Value Growth⬆⬆⬆+26.2% over 2 years
Retirees26% of residentsabove average nationally
Homeowners84% of occupied units
NotableAffordable Market$169k median home · lower cost than 65% of the country
Ivanhoe
MN

Frequently Asked Questions

What are today's mortgage rates in Ivanhoe?

As of today, the 30-year fixed mortgage rate for Ivanhoe is approximately 6.965% (7.004% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Ivanhoe
What is the median home price in Ivanhoe?

The median home value in Ivanhoe is $169k. The median monthly rent is $677. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ivanhoe?

Home values in Ivanhoe have increased 26.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Ivanhoe?

Based on a typical all-in ownership cost of $781/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ivanhoe is $70k/year.

Calculate your buying power
What industries drive the economy in Ivanhoe?

The largest employment sectors in Ivanhoe are public administration (25%) and agriculture and mining (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.