Home prices
Ely's median home price is $101,900. In comparison to its nearby areas this is roughly $26,120 (34%) higher.It is roughly $115,600 (53%) lower in comparison to the United States as a whole, and is approximately $61,400 (37%) lower compared to the city of Duluth.
Rents
Ely's median rent is $494 a month. It is approximately $151 (23%) lower in comparison to nearby areas.In comparison to the entire nation it is roughly $568 (53%) lower, and is approximately $326 (39%) lower in comparison to the city of Duluth.
Nearby places
Winton
Winton is roughly 2 miles northeast from Ely. Real estate prices there are somewhat less expensive. Winton's median home value is $79,400, which works out to $22,500 (28%) lower than Ely. Rents there are significantly more expensive. Winton's median monthly rent is $856, which works out to $362 (42%) higher than Ely.
Soudan
Soudan is approximately 15 miles west from Ely. Its housing prices are substantially less expensive. The median home in Soudan is valued at $70,800, which is $31,100 (43%) lower than Ely. Rent there is pretty similar. The median rent in Soudan is $475 per month, which works out to $19 (4%) lower than Ely.
Babbitt
Babbitt is about 16 miles south of Ely. Its real estate prices are a lot less expensive. The value of the median home in Babbitt is $75,300, which works out to $26,600 (35%) lower than Ely. The rent there is a little more expensive. Babbitt's median monthly rent is $656, which works out to $162 (24%) higher than Ely.
Tower
Tower is roughly 17 miles west from Ely. Real estate prices there are somewhat less expensive. The price of the median home in Tower is $83,800, which works out to $18,100 (21%) lower than Ely. Its rents are a bit more expensive. The median monthly rent in Tower is $625, which works out to $131 (20%) higher than Ely.
Hoyt Lakes
Hoyt Lakes is roughly 23 miles southwest from Ely. Its housing prices are a lot less expensive. Hoyt Lakes's median home price is $69,600, which is $32,300 (46%) lower than Ely. Rents there are somewhat more expensive. Hoyt Lakes's median rent is $615 a month, which works out to $121 (19%) higher than Ely.
