Ely, MN Real Estate
According to census data in the year 2000 there were 1,912 housing units in Ely.
This represents a 4.3% decline from 1,997 in 1990.
Of those housing units, 1,912 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Ely is about 71.7%.
Ely's vacancy rate, including seasonal lodging, is about 11.4%.
Average household size is 2.05 people.
The majority of houses, apartments or condos in Ely were built after 1943.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 11% |
| Two Bedrooms | 33.20% |
| Three Bedrooms | 41.20% |
| Four Bedrooms | 10.90% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1941 |
| Median Value of occupied units | $56,900 |
| Median Price asked for vacant units | $37,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.89 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $328 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.10% |
| Home Equity Loan | 5.80% |
| Simple Mortgage | 29.70% |
| Debt Free | 61.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.5% |
