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 Size

Housing Units by Size
Studio Type0.40%
One Bedroom11%
Two Bedrooms33.20%
Three Bedrooms41.20%
Four Bedrooms10.90%
Five Bedrooms or more3.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.11
Median year structure was built1941
Median Value of occupied units$56,900
Median Price asked for vacant units$37,800

Rented Homes, Apartments and Condos

Average Household Size1.89
Median year structure was built1954
Median Monthly Rent asked for vacant units$328

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.10%
Home Equity Loan5.80%
Simple Mortgage29.70%
Debt Free61.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14.5%