The median home in Ely, Iowa is valued at $351,606, up 1.9% year over year. Ely is part of the Cedar Rapids, IA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Cedar Rapids, IA stress score, crash risk, and 12-month forecast →

Home Value$351,606

+1.9%

AFFORDABILITY

Enter your income for Ely.

Income (annual)

Down Payment

$70,321 on $351,606

Out of reach — 38.2% of income

Need $102,343/yr to afford.

PITI$2,388

P/I38.2%

Afford$258K

Gap-$94K

P&I $1,778Tax $460Ins $150

6.50% 30yr, 20% down, county tax + IA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Iowa

Compare Ely with other housing markets across Iowa.

West Okoboji$794K Orleans$629K Wahpeton$550K Shueyville$525K Cumming$508K Panora$474K Honey Creek$441K Ackworth$437K

Full Cedar Rapids, IA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Cedar Rapids, IA metro.

View Cedar Rapids, IA metro →

ELY, IA