Ely, IA
Full City Profile · Iowa · Johnson County County
4.6
/5.0
A+
Excellent
2,033
Population
1,203/sq mi density
$102,262
Median Income
$44,261 per capita
$275,800
Home Value
$371,291 Zillow
$1,014
Median Rent
28.4% income on rent
48°F
Avg Temperature
A+
Overall
4.6 / 5.0
Strong
A+
Economy
4.9 / 5.0
$102,262 median income, 2.5% unemployment
A+
Affordability
5.0 / 5.0
$275,800 home value, $1,014/mo rent
B+
Education
3.8 / 5.0
35.6% bachelor's degree or higher
Housing Overview
Median Home Value
$275,800
2% below
US avg: $281,900
Median Rent
$1,014/mo
13% below
US avg: $1,163/mo
Homeownership Rate
81.9%
25% above US avg (65.4%)
Total Housing Units
788
Median year built: 1997
Home Value by Source
Census Median
$275,800
Zillow (ZHVI)
$371,291
Redfin Median Sale
$463,500
Median Sale Price
$463,500
Median List Price
$384,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
81.9%
Owner-Occupied
18.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$1,014/mo
Market Indicators (Redfin)
Median Sale Price
$463,500
Median Days on Market
41 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$228
Active Inventory
4
homes for sale
Affordability & Housing Stock
Rent Burden
28.4%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1997
Average age of housing stock: 29 years
Homeownership Rate
81.9%
Complete Housing Data
Home Values
| Census Median Value | $275,800 |
| Zillow Home Value (ZHVI) | $371,291 |
| Redfin Median Sale | $463,500 |
| Median Sale Price | $463,500 |
| Median List Price | $384,900 |
| Price Per Sq Ft | $228 |
Rent
| Census Median Rent | $1,014 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
| Days on Market | 41 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.0% |
| Homes Sold | 2 |
| Active Inventory | 4 |
| Price Per Sq Ft | $228 |
Ownership & Stock
| Owner-Occupied | 81.9% |
| Renter-Occupied | 18.1% |
| Homeownership Rate | 81.9% |
| Total Housing Units | 788 |
| Median Year Built | 1997 |
| Rent Burden | 28.4% |