Median home value in zip code 55731 (Ely, MN) is $267,145, up 5.0% year over year. Part of the Duluth, MN-WI metropolitan area.

Home Value$267,145

YoY Change

+5.0%

Prices rising — worse for buyers.

Affordability

Enter your income for 55731 (Ely).

Income (annual)

Down Payment

$53,429 on $267,145

Example: $75,000 household income. Change it above to see your own.

Stretch28% of income

Above 28% but manageable with cuts.

PITI$1,750

P/I28%

Afford$267K

Room+$0

P&I $1,351Tax $249Ins $150

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

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

Metro Analysis

55731 is part of the Duluth, MN-WI metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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