84

Ely, MN Homes for Sale

Section Image Section Image
  • /5

    $25,000

    • Land
    • 0.80 Acre
    • $31,250 per Acre

    2136 Sibley Ct, Ely, MN 55731

    Come out of the woods or off the lake and build your in-town dream home on one of the 11 lots in Sibley Estates! Enjoy all of the amenities and convenience of living in town with the peace and quiet of a wooded lot, close to the Trezona trail with convenient access to a recreational trail. This lot is .8 acres. All the City Services - water, sewer and electric are in and ready for hookup.

    Agent Photo

    Jim Burke

    Keller Williams Classic Realty NW

    (218) 549-4314

    2136 Sibley Ct, Ely, MN 55731
  • /5

    $25,000

    • Land
    • 0.80 Acre
    • $31,250 per Acre

    2128 Sibley Ct, Ely, MN 55731

    Come out of the woods or off the lake and build your in-town dream home on one of the 11 lots in Sibley Estates! Enjoy all of the amenities and convenience of living in town with the peace and quiet of a wooded lot, close to the Trezona trail with convenient access to a recreational trail. This lot is .8 acres. All the City Services - water, sewer and electric are in and ready for hookup.

    Agent Photo

    Jim Burke

    Keller Williams Classic Realty NW

    (218) 405-8075

    2128 Sibley Ct, Ely, MN 55731
  • /5

    $38,900

    • Land
    • 1.60 Acres
    • $24,312 per Acre

    2128 and 2136 Sibley Ct, Ely, MN 55731

    Come out of the woods or off the lake and build your in-town dream home on this 1.6 acre, 2 lots for the price of 1 - in Sibley Estates! Enjoy all of the amenities and convenience of living in town with the peace and quiet of a wooded lot, close to the Trezona trail with convenient access to a recreational trail. This lot is approximately 1.6 acres. All the City Services - water, sewer and

    Agent Photo

    Jim Burke

    Keller Williams Classic Realty NW

    (218) 309-7935

    2128 and 2136 Sibley Ct, Ely, MN 55731
  • /30

    $169,900

    • Land
    • 8 Acres
    • $21,238 per Acre

    TBDx Grant McMahan Blvd, Ely, MN 55731

    Shagawa Lake Lot: West Facing 8 +/- acres and 885 +/- feet of wooded shoreline consisting of Maple, Pople, Mixed Pines, Cedar and Birch. This beautiful parcel is only 2.7 miles from the center of Ely and provides you your own Natural Wildlife Sanctuary or you can take a quick walk across Grant McMahan to a magnificent 87 acre Wildlife Management Area. You will be able to enjoy gentle hikes, Game

    Agent Photo

    Jim Burke

    Keller Williams Classic Realty NW

    (218) 616-9799

    TBDx Grant McMahan Blvd, Ely, MN 55731
  • /42

    $425,000

    • 2 Beds
    • 1 Bath
    • 847 Sq Ft

    14575 Jackpine Trail, Ely, MN 55731

    A Rare opportunity to own property on Snowbank. Classic 2 bedroom 1 bath one level rustic cabin. Meticulously kept and updated, with an open concept living room, dining room, and kitchen. Includes a laundry closet with stackable washer & dryer. The custom log archway to the living room is harvested from trees that fell on the property during a storm. Situated on .84 acres and positioned very

    Trish Bulinski Bear Island Realty LLC

    14575 Jackpine Trail, Ely, MN 55731
  • /50

    $789,000

    • 3 Beds
    • 2 Baths
    • 2,189 Sq Ft

    118 Onigum Rd, Ely, MN 55731

    Lovely year around home on Fall Lake located just 5 miles north of Ely. This south facing gem has 3 bedrooms and 2 baths and is a 2 level home with a finished walk out basement. Gorgeous island views from both levels! Fall Lake has very good fishing and is approx. 6 miles long with the northern part of the lake being in the famous Boundary Waters Wilderness Area, offering direct access to

    Jeff Hway Bear Island Realty LLC

    118 Onigum Rd, Ely, MN 55731
  • /47

    $239,700

    • 3 Beds
    • 2 Baths
    • 1,140 Sq Ft

    11 E White St, Ely, MN 55731

    Nestled in the heart of Ely, this classic style home blends old world charm with modern comfort. Wrapped in warm cedar shakes, the home exudes curb appeal and character from the moment you arrive. Inside, you'll find 3 inviting bedrooms and 2 full bathrooms, thoughtfully laid out for easy everyday living. Elegant crown molding, rich wood floors, and French doors add a touch of sophistication

    Beth Ohlhauser Bear Island Realty LLC

    11 E White St, Ely, MN 55731
  • /50

    $1,975,000

    • 3 Beds
    • 2.5 Baths
    • 4,000 Sq Ft

    693 Kawishiwi Trail, Ely, MN 55731

    Breathtaking panoramic views from this 4000 sq ft architecturally designed log home, situated on 13 acres with 986+/- ft of Farm Lake shoreline. The open living room features huge windows overlooking the lake, vaulted ceilings, wood floor, and a floor to ceiling woodburning flagstone fireplace. The main level primary bedroom ensuite has patio door access to the lakeside deck, bathroom including a

    Trish Bulinski Bear Island Realty LLC

    693 Kawishiwi Trail, Ely, MN 55731
  • /45

    $245,000

    • 3 Beds
    • 3 Baths
    • 1,975 Sq Ft

    1151 E Camp St, Ely, MN 55731

    Turn-key, beautifully remodeled in-town home in the heart of Ely, MN. This inviting, open concept home features 3 bedrooms, 3 baths (one on each level), large open kitchen with stainless appliances and main floor laundry. The main level features mud rooms at both front and back entries, gorgeous, refinished wood flooring in living and dining rooms, high ceilings with wood beams and ceiling fans

    Kate Davies Bear Island Realty LLC

    1151 E Camp St, Ely, MN 55731
  • /50

    $849,900

    • 2 Beds
    • 1 Bath
    • 889 Sq Ft

    3666 Mackie Rd, Ely, MN 55731

    Located on the pristine North Arm of Burntside Lake, this stunning property features a perfectly level, nicely wooded 1 +/- acre lot with 170’ +/- of ideal shoreline complete with sand beach. Truly a rare find, the classic turn-key 2-bedroom cabin plus a bunkhouse features phenomenal lake views, wood burning stove with Hegman Pictographs inlaid in wall tiles, vaulted living room/dining room

    Anna Yahnke Bear Island Realty LLC

    3666 Mackie Rd, Ely, MN 55731
  • /50

    $225,000

    • 4 Beds
    • 1.5 Baths
    • 2,484 Sq Ft

    23 W Harvey St, Ely, MN 55731

    Spacious 4 bedroom, 2 bath home located within walking distance to much of Ely's offerings. The main level includes a quaint living room, an open kitchen & dining room with ash cabinets, new flooring, new sheetrock & paint. The family room has newer flooring, wood accents, built-ins, and a stone corner propane fireplace. Off of the family room is a 1/2 bath combined with convenient main level

    Trish Bulinski Bear Island Realty LLC

    23 W Harvey St, Ely, MN 55731
  • /50

    $1,299,000

    • 3 Beds
    • 2 Baths
    • 2,228 Sq Ft

    2375 Viste Point Rd, Ely, MN 55731

    Rare opportunity to own 6 acres and 830 +/- feet of Burntside shoreline. Beautiful 3 Bedroom, 2 Bath year round home. Open living room with gorgeous elevated panoramic lake views, from large windows positioned on either side of the classic field stone wood burning fireplace. Vaulted wood ceilings and wood floors in both the living room and dining room. The kitchen and dining room are combined

    Trish Bulinski Bear Island Realty LLC

    2375 Viste Point Rd, Ely, MN 55731
  • /42

    $199,000

    • 2 Beds
    • 1.5 Baths
    • 1,012 Sq Ft

    1229 E Sheridan St, Ely, MN 55731

    The Blue Moose is an updated 2 Bedroom, 1 Bath home. Charming, well maintained, and located on Sheridan Street; Ely's main street. A Turnkey, licensed short term Airbnb rental, with growing and successful rental history. The home has generous front & back entries, wood accents, tin ceilings, laminate and wood flooring.New(er) items include: shingles on house and garage, painted garage, all

    Trish Bulinski Bear Island Realty LLC

    1229 E Sheridan St, Ely, MN 55731
  • /45

    $1,985,500

    • 3 Beds
    • 3 Baths
    • 3,710 Sq Ft

    2713 Burntside Lake Rd, Ely, MN 55731

    Secluded Estate On Coveted Burntside Lake Offers Ultimate Privacy In Sheltered Bay, Epic Views Through Towering Pines, Opposite Shoreline Pristine Wilderness. Ideal Location Between The Main Body & The North Arm. 19 acres & 1240 ft lakeshore. Immaculate 3,710 SF, 3B/3BTH cedar sided home, waters edge guest cabin, sauna, boathouse, garage. Two story great rm w/stone firepl & glass doors to

    Lisa Janisch Janisch Realty, Inc

    2713 Burntside Lake Rd, Ely, MN 55731
  • /25

    $475,000

    • 1 Bed
    • 1 Bath
    • 1,160 Sq Ft

    1475 Echo Trail, Ely, MN 55731

    Echo Trail Home - This custom built, 1160 sq ft home in Ely has everything you would expect to find in the sought after Echo Trail area. The original owner has maintained and updated the home which is in move-in condition. Large windows provide sunlight throughout the day and views of the magnificent tree cover. The 19 X 18 living room has windows on 3 sides, a free standing propane fireplace

    Janet Erchul Ely Realty

    1475 Echo Trail, Ely, MN 55731
  • /24

    $380,000

    • 1 Bed
    • 678 Sq Ft

    1150 Old Airport Rd, Ely, MN 55731

    Nestled on 45 acres, this exceptional cabin retreat provides the perfect nature lover or hunting escape. Unbelievably close to Ely yet the silence and privacy creates your sanctuary from city life. Positioned above the picturesque merging of Pluth Creek and White Iron Lake, the cabin has epic views and an ever changing landscape. The creek meanders thru the property originating from a secluded

    Elizabeth Rykken z' Up North Realty

    1150 Old Airport Rd, Ely, MN 55731
  • /42

    $649,000

    • 2 Beds
    • 2 Baths
    • 2,100 Sq Ft

    1543 Miners Dr E, Ely, MN 55731

    Charming Miners Lake Home with 300 Feet of Lakeshore and 2 Acres. Discover this beautifully remodeled two-bedroom, two-bathroom home set on a stunning 2-acre lot with 300 feet of shoreline on Miners Lake. Ideally situated near the scenic Tezona Trail, you'll enjoy direct access to year-round outdoor activities including walking, running, biking, cross-country skiing, and snowmobiling trails just

    Julian Rasmusson Z'Up North Realty, Inc.

    1543 Miners Dr E, Ely, MN 55731
  • /39

    $475,000

    • 1 Bed
    • 1 Bath
    • 1,080 Sq Ft

    4089 First Lake Rd, Ely, MN 55731

    This Echo Trail beauty in Ely, Mn is an opportunity to find solace at this 18 acre off grid nature wonderland with a beautiful year round home/cabin. There is a new septic system, drilled well with crystal clear drinking water & 2 independent solar systems providing the ultimate wilderness experience. The 1080 sq. ft open floor plan features the living, dining area, kitchen, and

    Janet Erchul Ely Realty

    4089 First Lake Rd, Ely, MN 55731
  • /17

    $579,000

    • 2 Beds
    • 576 Sq Ft

    13321 Lodge Rd, Ely, MN 55731

    Imagine owning your own Island, immaculately clean 2 bedroom log cabin, completely updated and refinished in 2023. The cabin has electric baseboard heat and a wood stove. It comes with two private deeded parking spots and dock...hop in your canoe for a 10 minute paddle or take a 5 minute boat ride to your own exclusive island paradise. Bedrooms each have new queen beds; all furniture is included.

    Mark Larson Wildwoods Land Company

    13321 Lodge Rd, Ely, MN 55731
  • /26

    $495,000

    • 1 Bed
    • 1 Bath
    • 1,440 Sq Ft

    2137 Deer Ridge Rd, Ely, MN 55731

    Very well cared for 1,440 square foot home with amazing landscaping. This one level home has a bedroom, bathroom, open kitchen living area and large family room. Interior features are natural woodwork, tiled floors, 9' ceilings, wet bar, laundry room and infloor heat. The septic system is compliant and sized for 3 bedrooms allowing for the addition of more bedrooms. The area around the home is

    Chris Eilrich Wildwoods Land Company

    2137 Deer Ridge Rd, Ely, MN 55731
  • /50

    $697,000

    • 3 Beds
    • 1.5 Baths
    • 1,248 Sq Ft

    13359 Villa Rd, Ely, MN 55731

    Wake up to the call of loons and end your day with breathtaking sunsets over White Iron Lake! This beautifully updated 3-bedroom, 2-bath year-round Northwoods home sits right at the water’s edge on the shores of desirable White Iron Lake, offering unbeatable panoramic western views and direct access to the White Iron Chain of Lakes and the Boundary Waters Canoe Area Wilderness (BWCAW)—all just 4

    Lori Schulze Keller Williams Classic Realty NW - Ely

    13359 Villa Rd, Ely, MN 55731
  • /29

    $385,000

    • 3 Beds
    • 2 Baths
    • 2,400 Sq Ft

    1317 N Highway 21, Ely, MN 55731

    If you're looking for a peaceful and secluded retreat surrounded by nature, this meticulously maintained country home on 23 acres is the perfect place for you. Located in a quiet area hidden in the woods, this property offers privacy and tranquility while still being close to modern amenities. This 3BR/2BA home boasts an open concept living area with vaulted ceilings, providing a spacious and

    Andrea Zupancich Z'Up North Realty, Inc.

    1317 N Highway 21, Ely, MN 55731
  • /12

    $349,000

    • 3 Beds
    • 1,072 Sq Ft

    xxxxx White Iron Lake, Ely, MN 55731

    Remote water access parcel on White Iron Lake. This +-110 acre parcel has a very private setting with 2 well built year round cabins. The Big Pine Cabin is 16 x 22 with a wrap around deck on 3 sides. It sits on a beautiful ledge rock outcrop and is surrounded by huge white pines. There is a sauna building. The Wolf Point Cabin is 20 x 24 and has one bedroom on the main level and a loft bedroom as

    Chris Eilrich Wildwoods Land Company

    xxxxx White Iron Lake, Ely, MN 55731
  • /27

    $475,000

    • 3 Beds
    • 1 Bath
    • 1,400 Sq Ft

    3547 Norway Ln, Ely, MN 55731

    Andrea Zupancich Z'Up North Realty, Inc.

    3547 Norway Ln, Ely, MN 55731
  • /4

    $89,000

    • Land
    • 1.75 Acres
    • $50,857 per Acre

    2101 Sibley Ct, Ely, MN 55731

    Surrounded by nature yet conveniently close to town, this 1.75-acre parcel is an ideal canvas for your next home or investment project. This prime lot features a building pad, connections to city water, sewer, and utilities at the end of the driveway, direct access to the Trezona walking trail, and nearby ATV Trails.

    Jodi Nyman Z' Up North Realty

    2101 Sibley Ct, Ely, MN 55731
  • /19

    $154,000

    • 2 Beds
    • 1 Bath
    • 1,222 Sq Ft

    403 E Camp St, Ely, MN 55731

    Ely home with 2 bedrooms, 1 bath and 1,222 square feet of living space. Main level includes a living room and dining room with hard wood floors along with an eat-in kitchen, bath and 3 season porch. Second level has 2 bedrooms and a bonus area. The rear entry leads to the large back yard with a privacy fence and storage shed. There is an asphalt driveway leading to the one car detached garage.

    Chris Eilrich Wildwoods Land Company

    403 E Camp St, Ely, MN 55731
  • /28

    $134,900

    • 1 Bed
    • 280 Sq Ft

    4194 First Lake Rd, Ely, MN 55731

    Located 11 miles north of Ely, just off the renowned Echo Trail, this serene retreat spans 11.46 acres of stunning pink granite and towering century-old White Pines. Constructed in 2016, this 14 x 20 cabin is designed for year-round use, providing a perfect escape from city life and an ideal vantage point for observing the Northern Lights and the expansive northern sky. Nearby, walking access to

    Jerry Fink Canoe Capital Realty, LLC

    4194 First Lake Rd, Ely, MN 55731
  • /24

    $129,000

    • 2 Beds
    • 2 Baths
    • 900 Sq Ft

    355 W Harvey St, Ely, MN 55731

    If you're searching for a unique escape that combines the charm of secluded living with the convenience of modern amenities, your search ends at this marvelous Ely property. Don't miss the opportunity to call this extraordinary place home. Tucked away under the Iconic Ely Water Tower, the gateway to Ely you'll find this hidden gem. 2 BR/1.5 BA home with hardwood floors, large eat in kitchen, and

    Andrea Zupancich z' Up North Realty

    355 W Harvey St, Ely, MN 55731
  • /21

    $254,900

    • 3 Beds
    • 1.5 Baths
    • 1,350 Sq Ft

    638 E James St, Ely, MN 55731

    Charming Two-Story Home Near Schools and ParkThis well-maintained 3-bedroom, 2-bath home offers timeless charm with modern updates. Featuring beautiful hardwood floors and newer appliances, this home combines comfort and style. Enjoy the convenience of a detached 2-car garage, plus a storage shed — all with brand-new roofs. Some windows have been recently replaced for improved efficiency. Located

    Julian Rasmusson Z'Up North Realty, Inc.

    638 E James St, Ely, MN 55731
  • /50

    $1,295,000

    • 4 Beds
    • 3 Baths
    • 4,872 Sq Ft

    2445 Reed Rd, Ely, MN 55731

    Burntside Lake Retreat – 5.5 Acres with Sandy Shoreline in Highly Sought-After Ely, MN Location! Welcome to a truly rare opportunity on the legendary Burntside Lake, known for its crystal-clear waters, dramatic scenery, and exceptional recreational quality. This year-round Northwoods retreat is set on 5.5 acres with towering pines, privacy, and one of the most desirable sandy, west-facing

    Lori Schulze Keller Williams Classic Realty NW - Ely

    2445 Reed Rd, Ely, MN 55731
  • /25

    $169,000

    • 1 Bed
    • 1 Bath
    • 1,160 Sq Ft

    7 W Shagawa Rd, Ely, MN 55731

    Tucked away on a quiet dead-end street in Ely, MN, this charming 1BR, 1BA bungalow style home proves that great things come in small packages. Just steps from the scenic Trezona Trail and Miners Lake, and within walking distance to downtown, the location is unbeatable for outdoor lovers and town explorers alike. Inside, you'll find a perfect blend of old and new—like the spacious bathroom with

    Andrea Zupancich Z'Up North Realty, Inc.

    7 W Shagawa Rd, Ely, MN 55731
  • /27

    $257,500

    • 2 Beds
    • 1 Bath
    • 1,215 Sq Ft

    13464 Chestnut Dr, Ely, MN 55731

    Beautifully updated 2-bedroom, 2-bath country home just minutes from Ely, offering the perfect blend of modern convenience in a peaceful Northwoods setting. Recent renovations include a new roof, modern kitchen, updated flooring, new appliances, and stylish lighting throughout. The living area features a propane free-standing fireplace and flows seamlessly into the dining room and updated

    Lori Schulze Keller Williams Classic Realty NW - Ely

    13464 Chestnut Dr, Ely, MN 55731
  • /28

    $339,000

    • 3 Beds
    • 1 Bath
    • 660 Sq Ft

    Unit 8 Kelly Trail, Ely, MN 55731

    Experience the magic for yourself. Wake up in your 2BR cabin to the soothing sounds of the river rapids just outside your living room. And your own access to Birch Lake, with the private boat launch merely steps away. Fish, canoe, or paddle in the tranquil cove just steps away from your door. An open-concept design, this quaint cabin features a snug gas fireplace to keep it warm and welcoming no

    Andrea Zupancich z' Up North Realty

    Unit 8 Kelly Trail, Ely, MN 55731
  • /16

    $659,000

    • 4 Beds
    • 2 Baths
    • 2,330 Sq Ft

    444 Fernberg Rd Unit Deer Ridge Resort CI, Ely, MN 55731

    This is an awesome 4 season cabin for you to use and rent with a beautiful view of Garden Lake from the lakeside screened in porch/deck and living area. In 2021 cabin was stained and new seamless gutters installed, as well as new windows installed in May 2024. There is professional maintenance and property management to take care of the unit for you and renters. Taxes are very low due to the

    Chad Davis Canoe Capital Realty, LLC

    444 Fernberg Rd Unit Deer Ridge Resort CI, Ely, MN 55731
  • /6

    $945,000

    • Land
    • 5 Acres
    • $178,302 per Acre

    TBD Waters Island, Ely, MN 55731

    Spectacular Burntside Lake 5-Acre Parcel on the sunny South Shore of Waters Island – Burntside Lake’s largest and most central Island. This is a once-in-a-lifetime opportunity to own a truly remarkable property on what many consider Minnesota’s most beautiful and iconic lake. This pristine and totally private setting offers sunny, south and west facing exposure with breathtaking views across the

    Lisa Janisch Janisch Realty, Inc

    TBD Waters Island, Ely, MN 55731
  • /44

    $1,585,000

    • 4 Beds
    • 3.5 Baths
    • 2,146 Sq Ft

    X Waters Island, Ely, MN 55731

    There is no other property on iconic Burntside Lake like this one! Welcome to Aurora Waters, a one of a kind, landmark home on a spectacular island! This is a magical property: 5 hand crafted cabins and 4 exotic Yurts spread through an enchanted, open forest of 20.9 acres with 2,140 feet of sunny, southern facing shoreline. Towering Norway pines and high granite bluffs offer shimmering island

    Lisa Janisch Janisch Realty, Inc

    X Waters Island, Ely, MN 55731
  • /9

    $295,000

    • Land
    • 2.50 Acres
    • $118,000 per Acre

    xxx Burntside Lake Island Unit Cousins Island Lot 2, Ely, MN 55731

    Experience the serene beauty of Burntside Lake with this exceptional 2.5-acre lot located on a quiet, wooded island just a short boat ride from the mainland. With approximately 295 feet of private shoreline, this property offers the perfect balance of seclusion and accessibility — a peaceful retreat surrounded by clear waters, granite outcroppings, and old-growth pines. Mature trees and natural

    Lori Schulze Keller Williams Classic Realty NW - Ely

    xxx Burntside Lake Island Unit Cousins Island Lot 2, Ely, MN 55731
  • /9

    $295,000

    • Land
    • 2.50 Acres
    • $118,000 per Acre

    xxx Burntside Lake Island Unit Cousins Island Lot 1, Ely, MN 55731

    Escape to your private island paradise on the crystal-clear waters of Burntside Lake, one of northern Minnesota’s most sought-after destinations. This rare 2.5-acre island lot features approximately 700 feet of pristine, natural shoreline, offering breathtaking panoramic views, excellent privacy, and endless recreational possibilities. Towering pines and mature forest provide a classic Northwoods

    Lori Schulze Keller Williams Classic Realty NW - Ely

    xxx Burntside Lake Island Unit Cousins Island Lot 1, Ely, MN 55731
  • /19

    $239,500

    • 2 Beds
    • 1 Bath
    • 614 Sq Ft

    13408 Black Bear Trail, Ely, MN 55731

    Nestled in the heart of nature, this charming seasonal cabin offers the perfect getaway near the White Iron Chain of Lakes. Sitting on 2.11 acres, this 2-bedroom, 1-bath retreat provides privacy and tranquility, surrounded by everything nature has to offer. Enjoy cozy evenings in the screened porch, where you can take in the fresh air without the bother of bugs. Whether it's fishing, hiking, or

    Jodi Nyman Z' Up North Realty

    13408 Black Bear Trail, Ely, MN 55731
  • /24

    $339,000

    • 2 Beds
    • 768 Sq Ft

    Unit 8 Kelly Tr, Ely, MN 55731

    Experience the magic for yourself. Wake up in your 2BR cabin to the soothing sounds of the river rapids just outside your living room. And your own access to Birch Lake, with the private boat launch merely steps away. Fish, canoe, or paddle in the tranquil cove just steps away from your door. An open-concept design, this quaint cabin features a snug gas fireplace to keep it warm and welcoming no

    Andrea Zupancich Z' Up North Realty

    Unit 8 Kelly Tr, Ely, MN 55731

Showing Results 1 - 40, Page 1 of 3

Frequently Asked Questions Why Live in Ely

What is the average home price in Ely, MN?
Homes for sale in Ely, MN have an average home price of $395,105.
How many homes have sold over the last 12 months in Ely, MN?
137 homes have sold in Ely, MN over the last 12 months.
What are the most popular zip codes in Ely, MN?
The most popular zip codes in Ely, MN include 55731, 55790, 55706, 55732 and 55607.
How much do you need to make to afford a house in Ely?
The median home price in Ely is $259,900. If you put a 20% down payment of $52,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,350 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $58K a year to afford the median home price in Ely.
How are the schools in Ely, MN?
Ely, MN has highly rated public and private schools. Some of the best schools in Ely based on Niche Grades are Memorial High School, Memorial Middle School and Washington Elementary School. Browse all the schools in Ely, MN to learn more.

Home Trends in Ely, MN

Housing Trends

Median Sale Price
$235,000
Median Single Family Sale Price
$254,900
Average Price Per Sq Ft
$293
Number of Homes for Sale
42
Last 12 months Home Sales
137
Months of Supply
3.70
Median List Price
$259,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
9%
How to Buy a Home How to Finance a Home How to Sell a Home