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MN area data

Ely, MN

Ely, MN.

Population: 5,361 (Census ACS)

Home values & appreciation

Median home value
$291,063
1-year appreciation
+6.8%
3-year appreciation
+11.3%
5-year appreciation
+33.6%
10-year appreciation
+83.7%
All-time peak (2026-07)
$291,063
House Price Index
429.3 (+3.3% YoY)

Market activity

1-year forecast
+2.3%
New listings (monthly)
20

Affordability

Cost of living index (Average)
97.5 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
3
Elementary schools
1
Middle schools
1
High schools
1

Natural hazards & flood risk

Overall hazard risk
Relatively Moderate
Top hazards
coldWave, lightning, winterWeather, hail, heatWave

Climate (30-year normals)

Average annual temperature
37.0°F
Average high
49.0°F
Average low
24.0°F
Annual precipitation
29.7 in

Air quality

Air quality rating
Good
Median AQI (annual)
44
Days with Good air quality
221
Days with Unhealthy air quality
1

Amenities

National parks within ~60 mi
1
Nearest national park
Voyageurs National Park (54 mi)
Nearest airport
Ely Municipal Airport (LYU) (11 mi)
Nearest major airport
Ely Municipal Airport (LYU) (11 mi)
Hospitals nearby (~15 mi)
1
EV charging stations (within 10 mi)
6
Solar radiation rating
Fair (3.6 kWh/m²/day)

Migration

Net migration
+31 tax filers

Housing stock

Median year housing built
1,972
Median annual property tax
$2,044
Mean commute to work
14 min
Households with broadband internet
62.8%

Employment & development

Total county employment
79,935
Average weekly wage
$1,107
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
283

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents