Ivanhoe is located in southwest Minnesota. Ivanhoe is part of Lincoln County. Ivanhoe has 0.88 square miles of land area and 0.02 square miles of water area. As of 2010-2014, the total Ivanhoe population is 500, which has shrunk 26.36% since 2000. The population growth rate is much lower than the state average rate of 9.44% and is much lower than the national average rate of 11.61%. Ivanhoe median household income is $34,141 in 2010-2014 and has grown by 21.39% since 2000. The income growth rate is lower than the state average rate of 29.12% and is lower than the national average rate of 27.36%. Ivanhoe median house value is $61,800 in 2010-2014 and has grown by 58.46% since 2000. The house value growth rate is higher than the state average rate of 51.31% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Ivanhoe is close to the state average in quality. The Ivanhoe area code is 507.