Cheap Homes in Ely, IA

Current Market Conditions in Ely, IA

The real estate market in Ely, IA, has shown a steady increase in home values over the past few months due to increased demand from families looking for a suburban lifestyle. The area's appeal has led to a higher influx of new residents, contributing to a competitive housing market.

Homes in Ely tend to move quickly, with many listings receiving multiple offers. The inventory remains relatively low, which continues to drive prices up, making it a favorable environment for sellers.

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.