Ivanhoe, MN
Population 627 · Minnesota
About Ivanhoe, MN
Ivanhoe is a small community in Minnesota with a population of 627 residents. The median household income is $54,583 per year, which is near the national average. The median age in Ivanhoe is 42.8 years.
Housing in Ivanhoe has a median home value of $65,500 and median monthly rent of $550. Of the 344 total housing units, the majority are owner-occupied, with 241 owner-occupied and 60 renter-occupied units.
The unemployment rate in Ivanhoe is 9.5% and the poverty rate is 10.5%. 19.4% of residents hold a bachelor's degree or higher. The average commute time is 19.1 minutes.
How Ivanhoe Ranks in Minnesota
Cost of Living in Ivanhoe, MN
Compared to national averages, Ivanhoe has a median household income of $54,583 (27% below the national median of $75,149). Home values average $65,500, which is 73% below the national median. Monthly rent at $550 is 53% below the US average of $1,163. Within Minnesota, Ivanhoe's income is 26% below the state average of $74,221, and home values are 68% below the state median of $204,472.
Why Live in Ivanhoe, MN?
Ivanhoe offers affordable housing with a median home value of $65,500, below the US average of $244,900, and rent that’s lower than the national average at $550/month, and a low poverty rate of 10.5%, better than the national average. Additionally, the city features short commute times averaging just 19.1 minutes.
Potential considerations include median household income ($54,583) that falls below the national average. However, Ivanhoe’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ivanhoe has a population of 627 with a median age of 42.8 years. Compare Ivanhoe with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Ivanhoe
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ellendale | 626 | $80,417 | $150,000 | Compare |
| Brownsville | 624 | $63,977 | $161,600 | Compare |
| Evansville | 631 | $39,063 | $145,000 | Compare |
| Cleveland | 622 | $83,281 | $204,200 | Compare |
| Karlstad | 622 | $61,324 | $120,300 | Compare |
| Clear Lake | 621 | $105,000 | $255,800 | Compare |
| La Prairie | 621 | $75,192 | $202,300 | Compare |
| Minnesota Lake | 621 | $62,875 | $126,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Ivanhoe With Other Cities
Frequently Asked Questions about Ivanhoe
What is the population of Ivanhoe, MN?
The population of Ivanhoe, MN is 627 according to the latest Census data.
What is the median household income in Ivanhoe?
The median household income in Ivanhoe, MN is $54,583 per year.
What is the median home value in Ivanhoe?
The median home value in Ivanhoe, MN is $65,500.
What is the average rent in Ivanhoe?
The median monthly rent in Ivanhoe, MN is $550.
What is the unemployment rate in Ivanhoe?
The unemployment rate in Ivanhoe, MN is 9.5%.