Home Values

Ely Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$193,400

  • 0.0% 1-year change
  • 2.6% 1-year forecast

The median home value in Ely is $193,400. Ely home values have gone up 0.0% over the past year and Zillow predicts they will rise 2.6% within the next year.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Ely is 0.0%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Ely homeowners underwater on their mortgage is 6.8%, which is lower than Cedar Rapids Metro at 12.0%.

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Relative ZHVI
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Ely Market Overview

Data through May 31, 2015
  • $193,400 ZHVI
  • 2.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Ely Market Health

Data through May 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 6.8% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 0.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Robins $235,500
Lisbon $175,600
Solon $171,900
Name Median ZHVI
North Liberty $162,800
Mount Vernon $162,300
Coralville $158,200
Name Median ZHVI
Marion $147,800
Cedar Rapids $134,500
Hiawatha $123,900

Listings & Sales

  • No data
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Ely Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,434 Ely
    $1,147 Cedar Rapids Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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