Realty Information

The goal of the JOBZ program is to stimulate economic development activity in Greater Minnesota by providing local and state tax exemptions. Click to see subzone property listings in Ely, Babbitt, and Winton.

The City of Ely has 1,992 housing units: 71.4% owner occupied and 28.6% renter occupied.  

In 2001, the median value of a house in Ely was $55,789; however values vary dramatically outside the City limits (some lake property is selling for as high as $250,000).

All of the traditional, multifamily apartment buildings in Ely are subsidized developments, with rent based on 30% of income. The average rate for rent for a one or two bedroom unit is $275-$500 plus utilities, and for a three bedroom unit $500 - $700 plus utilities.  More information on Public Housing in Ely.