Foreclosure Homes in Ely, IA

Current Market Conditions in Ely, IA

The real estate market in Ely has been experiencing steady growth, making it an attractive option for investors and homebuyers alike. As demand continues to rise, so do property values, prompting a wave of new developments and an increase in homes for sale. The community's affordability compared to nearby Cedar Rapids remains a significant draw.

While inventory has been tight, recent data shows more homeowners are listing their properties, creating an expanding market. Ely's proximity to urban conveniences while maintaining a rural feel is driving interest in the area, as families and individuals seek quality homes at reasonable prices.

Rent Prices In Ely, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ely, IA, is on a rollercoaster ride. The average rent price in Ely, IA, is $1,748.00. Indeed, when looking to rent in Ely, IA, you can expect to pay as little as $940.00 or as much as $2,670.00, with the average rent median estimated to be $1,810.00. The good news is that finding an affordable and desirable property to rent in Ely, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.