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market report · 55731
Ely, MN · 55731
18 active listings$339,000 median ask$1,993 est. rent0.6% price/rent
$339,000
Median list price
$1,993/mo
Estimated rent
0.6%
Price / rent ratio
18
Listings
FHFA home price index · 2016–2025
81.3% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.84
Median rent / sqft
16 comps
$402.22
Median sold / sqft
16 comps
—
Walkability
4.7%
Area unemployment
BLS LAUS
Median household income $62,008 · median home value $206,000 · ACS 2024.
Natural-hazard risk Relatively High (FEMA NRI score 85).
4 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
24 N Pioneer Rd, Ely, MN 55731
Ely, MN
$152,500$2,074/mo1.4%
121 E Pattison St, Ely, MN 55731
Ely, MN
$135,000$1,786/mo1.3%
712 E Camp St, Ely, MN 55731
Ely, MN
$199,000$2,193/mo1.1%
1111 E Camp St, Ely, MN 55731
Ely, MN
$179,900$1,975/mo1.1%
324 E White St, Ely, MN 55731
Ely, MN
$225,000$2,318/mo1%
1505 E Harvey St, Ely, MN 55731
Ely, MN
$265,000$2,558/mo1%