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Ely (zip 55731), Minnesota   Add Favorite    0 Reviews | Review This Place




Find your Best Mortgage in Ely: Fixed Rate, Adjustable Rate, 30 years, 15 years.

Pros

-Nearby outdoor recreation
-Historic preservation
-Attractive setting

Cons

-Winter climate
-Isolation
-Low job growth


What Bert Has To Say About Duluth Metro Area


Duluth is the world’s third largest inland port located about as far as possible from an ocean on the North American continent. Superior, Wisconsin, sits to the south on the other side of the harbor. Shipping, mainly grain and, to a lesser extent, iron ore, is an important part of the economy. Some of the former heavy industry is gone today but the town still retains a decidedly commercial and industrial character.

Highlights


Small-port-city complex - Northeastern Minnesota at western end of Lake Superior See Local Real Estate
Real Estate: For Sale  For Rent

City: Ely
Zip Codes: Ely (zip 55731)
Time zone: Central Standard Time (CST)
Elevation: 1417 ft above sea level

Quick Facts About Ely


    ECONOMY
    The unemployment rate in Ely (zip 55731) is 6.00 percent (U.S. avg. is 5.20%). Recent job growth is Negative. Ely (zip 55731) jobs have Decreased by 0.71 percent. Learn more...
    COST OF LIVING
    Compared to the rest of the country, Ely (zip 55731)'s cost of living is 9.60% Lower than the U.S. average. Learn more... or Compare Ely (zip 55731)'s Cost of Living
    POPULATION
    Ely (zip 55731)'s population is 5,936 people. Since 2000, it has had a population growth of -3.61 percent. Learn more...
    TRANSPORTATION
    Average Commute time is 36 minutes. The National Average is 26 minutes. Learn more...
    REAL ESTATE
    The median home cost in Ely (zip 55731) is $142,700. Home appreciation the last 10 years has been -10.35%. Check out the homes in the area.
    SCHOOLS
    Ely (zip 55731) public schools spend $12,827 per student. The average school expenditure in the U.S. is $12,383. There are about 15.7 students per teacher in Ely (zip 55731). Learn more...

Ely Ranked & Rated



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Ely Housing Market


It's not a good time to buy in Ely. Home Appreciation is down -7.4% in the last 12 months. Browse Ely Real Estate.
The median home price in Ely is $142,700. Browse Homes in this Range.
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Reviews for Ely (zip 55731), Minnesota


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