Ely, MN—55731
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$269,000
1.3% YoY Growth
Household Income
$62,900
26.8% YoY Growth
Days on Market
99
3.0% Shorter YoY
Home Price Forecast
2.4%
Median Rent
$1,020
14.5% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,020
14.5% YoY Growth
3-Bed Rent
N/A
N/A
Home Price Trends — Ely, MN
As of Dec '25, the median home price in Ely, MN is $269,000, with a year-over-year change of 1.3%. This indicates that home prices in Ely, MN are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $269,000 | 1.3% |
| Single Family | $270,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |