Housing & Real Estate — Ely, Minnesota
Overview
| Total Housing Units | 2,020 |
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| Occupied | 1,735 |
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| Vacant | 285 |
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| Owner-Occupied | 1,108 |
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| Renter-Occupied | 627 |
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| Median Home Value (Census) | $157,300 |
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| Estimated 2026 | ~$173,000 |
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| Median Rent | $627/mo |
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| Median Property Tax | $1,331/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | moderate |
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| Rent as % of Income | 17.1% |
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| Severely Rent-Burdened | 43.0% |
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Housing Age
| Built 2010 or later | 46 |
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| Built 2000-2009 | 45 |
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| Built 1990-1999 | 190 |
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| Built before 1960 | 1,373 |
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| Median Year Built | 1938 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
