Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.2 yrs |
|---|---|
| Avg HH Size | 2.18 |
| Below Poverty | 7.9% ▼ 21% below avg |
| College Grads | 40.3% ≈ Avg |
| Unemployment | 6.4% ▲ 30% above avg |
| No HS Diploma | 4 (0.6%) |
| HS Graduate | 254 (37.2%) |
| Some College | 92 (13.5%) |
| Associates | 58 (8.5%) |
| Bachelors | 98 (14.3%) |
| Graduate Degree | 177 (25.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $65,987 ▼ 14% below avg |
|---|---|
| Median Home Value | $87,800 ▼ 69% below avg |
| Home/Income Ratio | 1.3x (nat avg ~3.5x) |
| Median Rent | $611/mo |
| Total Housing Units | 577 |
| Vacant Units | 106 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Ivanhoe is a city in Minnesota, located in Lincoln County. The city spans 1 ZIP code and is home to approximately 1,062 residents. It is a middle-aged city, with a median age of 43.2 years.
Economically, Ivanhoe is a solidly middle-class community. The median household income of $65,987 is near the national average. Approximately 7.9% of residents live below the poverty line. The unemployment rate is 6.4%, above the national average.
The real estate market in Ivanhoe is one of the more affordable housing markets in the country. Median home values stand at $87,800, which is well below the national average. Renters typically pay around $611 per month. Homeownership is high at 83.0%, typical of suburban and family-oriented communities.
The population of Ivanhoe is well-educated. 40.3% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (95.67%).
Ivanhoe, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56142 | 1,062 | $65,987 | $87,800 | $611 | 6.4% | 40.3% | 83.0% |