Ely, MN Real Estate
According to census data in the year 2000 there were 1,912 housing units in Ely.
This represents a 4.3% decline from 1,997 in 1990.
Of those housing units, 1,912 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Ely is about 71.7%.
Ely's vacancy rate, including seasonal lodging, is about 11.4%.
Average household size is 2.05 people.
The majority of houses, apartments or condos in Ely were built after 1943.
|Housing Units by Size|
|Five Bedrooms or more||3.30%|
Owned Homes, Apartments and Condos
|Average Household Size||2.11|
|Median year structure was built||1941|
|Median Value of occupied units||$56,900|
|Median Price asked for vacant units||$37,800|
Rented Homes, Apartments and Condos
|Average Household Size||1.89|
|Median year structure was built||1954|
|Median Monthly Rent asked for vacant units||$328|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||5.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||14.5%|