House Prices

House Prices & Home Values Ely, IA 2026


Average Data

average house price$413,750
average size per house2493 ft²
average price per ft²166 $ / ft²

04/17/2026 - The value range (VR) for house prices in Ely, IA is $175/ sqft to $175/ sqft. An average home with 2493 sqft costs approximately $436,275 to $436,275. Ely, IA includes 1 ZIP codes and it is located in Linn county. The lowest prices are found in ZIP 52227, while the highest are in ZIP 52227. The average price per sqare feet is $166. Our analysis is based on 6 property listings.

Avergage prices by ZIP codes Ely

52227192 $ / ft²




Historical development of home values in Ely

Year Estimated value (USD) Change vs. 2025
2010 $192,153 -53.6%
2011 $184,722 -55.4%
2012 $184,225 -55.5%
2013 $191,111 -53.8%
2014 $200,614 -51.5%
2015 $210,910 -49.0%
2016 $221,917 -46.4%
2017 $233,894 -43.5%
2018 $246,825 -40.3%
2019 $258,270 -37.6%
2020 $271,622 -34.4%
2021 $308,940 -25.3%
2022 $360,155 -13.0%
2023 $379,800 -8.2%
2024 $401,772 -2.9%
2025 $413,750 0.0%

Graph: estimated home values in Ely over time (USD)



Example: 100% financing house in Ely

Loan amount: $413,750

Interest rate: 6.00%

Fixed monthly payment: $2,480.64

Breakdown in the 1st month:
Interest portion: $2,068.75  –  Principal portion: $411.89

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $24,686.79 $5,080.90 $408,669.10
2 $24,373.41 $5,394.28 $403,274.82
3 $24,040.70 $5,726.98 $397,547.84
4 $23,687.47 $6,080.21 $391,467.63
5 $23,312.46 $6,455.23 $385,012.40
6 $22,914.31 $6,853.37 $378,159.03
7 $22,491.61 $7,276.07 $370,882.96
8 $22,042.84 $7,724.84 $363,158.12
9 $21,566.39 $8,201.30 $354,956.82
10 $21,060.55 $8,707.13 $346,249.69
11 $20,523.51 $9,244.17 $337,005.52
12 $19,953.35 $9,814.33 $327,191.19
13 $19,348.03 $10,419.66 $316,771.53
14 $18,705.37 $11,062.32 $305,709.21
15 $18,023.07 $11,744.62 $293,964.59
16 $17,298.68 $12,469.00 $281,495.59
17 $16,529.62 $13,238.06 $268,257.53
18 $15,713.13 $14,054.56 $254,202.98
19 $14,846.27 $14,921.41 $239,281.57
20 $13,925.95 $15,841.73 $223,439.84
21 $12,948.87 $16,818.81 $206,621.03
22 $11,911.52 $17,856.16 $188,764.86
23 $10,810.19 $18,957.49 $169,807.38
24 $9,640.94 $20,126.75 $149,680.63
25 $8,399.56 $21,368.12 $128,312.51
26 $7,081.63 $22,686.06 $105,626.45
27 $5,682.40 $24,085.28 $81,541.17
28 $4,196.87 $25,570.81 $55,970.36
29 $2,619.72 $27,147.96 $28,822.39
30 $945.29 $28,822.39 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Ely, IA


1500 sqft3900 sqft
Ø selling price$301,290$640,926
Ø fast selling$273,900$576,834
Ø high price sale$328,680$705,019

In 2026, houses in Ely, IA will be offered at an average price of $166 per square foot. A 1,500 sqft home priced at $301,290 is 25.16% more expensive per square foot than a 3,900 sqft home priced at $640,926. Home prices in Ely, IA vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $443,719. Sellers who can wait longer may achieve a higher price of up to $542,323.


Ely, IA Guide: Small-Town Charm Near Cedar Rapids

Ely, Iowa is a friendly small city in Linn County just minutes south of Cedar Rapids.
Known for its bike-friendly trails and growing neighborhoods, Ely, IA blends small-town charm with metro convenience.

Location & Lifestyle

Situated along the corridor between Cedar Rapids and Iowa City, Ely offers quick access to major employers, healthcare, and universities. New housing developments and tree-lined streets make the community attractive for families, professionals, and retirees. The Ely Public Library, city services, and nearby schools support a connected, walkable lifestyle centered around a traditional Main Street.

Outdoor Recreation

The Cedar Valley Nature Trail links Ely to Cedar Rapids and beyond, while the Hoover Nature Trail heads south toward Solon and Lake Macbride State Park. Residents enjoy parks, playgrounds, and open spaces for picnics, sports, and community gatherings. With scenic gravel routes and year-round trail access, Ely is a hub for cyclists, runners, and outdoor enthusiasts across Eastern Iowa.

Community & Economy

Locally owned shops, cafes, and seasonal markets give downtown Ely character, complemented by regional dining and entertainment a short drive away. From annual community celebrations to volunteer-driven services, Ely, Iowa shows strong civic spirit and steady economic growth within the Cedar Rapids metro.



FAQ – Home Values in Ely

What is the median home value in Ely in 2026?

In 2026, the typical home value in Ely is about $413,750 for an average home size of 2493 square feet. This corresponds to an average price of roughly $166 per square foot.

What is the average cost per square foot in Ely?

In 2026, homes in Ely sell for an average of around $166 per square foot, with a typical range between $175 and $175 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Ely is about 2493 square feet, with an estimated 2026 value around $413,750.



Locations close to Ely, IA

Fairfax, IA119 $ / ft²
Garrison, IA33 $ / ft²
Harper, IA109 $ / ft²
Elberon, IA139 $ / ft²
Dysart, IA75 $ / ft²
Delhi, IA94 $ / ft²
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