Housing in Ely, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$340,750
Median List Price
$835,000
Price Per Sq Ft
$229
Days on Market
315
Active Inventory
3
Months of Supply
1.5
Seller's market
Zillow Home Value
$351,606
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
50.0%
Sale-to-List Ratio
100.1%
Seller's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$229
Median List $/SF
$234
Ely vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Ely is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$275,800
Median Rent
$1,014
Total Housing Units
801
Vacancy Rate
1.4%
Owner Occupied
81.9%
Renter Occupied
18.1%
Median Property Tax
$4,124
per year
Monthly Cost (w/ Mortgage)
$1,460
Housing Types
The current median sale price in Ely, IA is $340,750 according to Redfin data. Homes spend a median of 315 days on the market. 50.0% of homes sold above asking price. The market has 1.5 months of supply. The median price per square foot is $229. The median rent is $1,014 per month (Census ACS). About 81.9% of housing units are owner-occupied. The median year homes were built is 1998. There are 801 total housing units.