
Affordable
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These days, finding an affordable place to live in the Ely area can be challenging. Home prices in Ely are now at a median cost of $229,789, lower than the Nevada average of $441,980.
The average cost of rent is $792/mo in Ely, primarily driven by the current value of real estate in the Ely area. In Ely, 30.80% of households rent, and 57.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ely is $7,108 per month. Households that rent pay about 11.14% of their income on rent here. Ely’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ruth, NV: less expensive homes
- McGill, NV: less expensive homes
- Steptoe, NV: less expensive homes
- Preston, NV: less expensive homes
- Lund, NV: equally priced homes
- Baker, NV: less expensive homes
- Garrison, UT: equally priced homes
- Duckwater, NV: less expensive homes
- Currie, NV: less expensive homes
- Eureka, NV: less expensive homes
Cities with Similar Populations
- Allentown, NJ: higher priced homes
- Baltimore, OH: higher priced homes
- Taylor Mill, KY: equally priced homes
- Aumsville, OR: higher priced homes
- Berwick, ME: higher priced homes
- Yardville, NJ: higher priced homes
- Averill Park, NY: higher priced homes
- Summerdale, AL: higher priced homes
- North Syracuse, NY: less expensive homes
- North Sea, NY: higher priced homes
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