Home values, rents and more in Ely, MN
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
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How Ely compares
The typical home in Ely, MN is worth about $283,000, according to the Zillow Home Value Index for September 2026. Home values in Ely are 7% above the typical value in the Duluth metro area ($264,000) and 23% below the U.S. typical value ($366,000).
Over the past year, home values in Ely rose 5.8%, compared with +5.2% in the Duluth metro area and +1.2% nationally.
The median household income is $43,901, against $71,769 in the Duluth metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 3,240 people live in Ely (American Community Survey 2020–24).
Ely has the 15th-highest typical home value of the 46 cities in the Duluth metro area and the 308th-lowest of 675 in Minnesota with Zillow figures.
Part of: St. Louis County, MN · Duluth metro area · Minnesota
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
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- Age, education and household make-up
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Nearby cities
ZIP codes in Ely, MN
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.