Above, you'll find an overview of the real estate market in Ely, MN. Generally, real estate in the Ely, MN area is more affordable in Minnesota, as the median price of a home in Ely, MN is $93,400, which is 51% lower than the Minnesota average. The median rental price in Ely, MN is $528. This is 40% lower than the average rental price in Minnesota. Home owners comprise 65.1% of the population of Ely, MN, where an average of 1.9 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Ely, MN. Below, you can search for real estate listings in Ely, MN using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.