Ely, IA Real Estate

According to census data in the year 2000 there were 434 housing units in Ely. This represents a 113.8% growth from 203 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 434 were located in what is classified as a rural area.

Homeownership rate in Ely is about 71.4%. Ely's vacancy rate, including seasonal lodging, is about 1.8%. Average household size is 2.7 people.

The majority of houses, apartments or condos in Ely were built after 1991.


Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom9.70%
Two Bedrooms25.60%
Three Bedrooms43.30%
Four Bedrooms18.40%
Five Bedrooms or more1.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.07
Median year structure was built1989
Median Value of occupied units$122,800

Rented Homes, Apartments and Condos

Average Household Size1.76
Median year structure was built1996
Median Monthly Rent asked for vacant units$450

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.40%
Second Mortgage10.20%
Home Equity Loan11.60%
Simple Mortgage64.40%
Debt Free12.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.3%