The housing market in Ely, NV is growing at a strong rate. The median house value in Ely is $168,600, which is considerably lower than the US median of $338,100. Despite this gap, the appreciation rate for homes in Ely in the last year has been 9.12%, higher than the national average of 8.27%. This indicates that homes in Ely are becoming increasingly desirable and that the housing market will continue to increase in value over time.
The median home cost in Ely is $168,600. Home appreciation the last 10 years has been 164.4%. Home Appreciation in Ely is up 13.9%.
Average Age of Homes
- The median age of Ely real estate is 57 years old
The Rental Market in Ely
- Renters make up 24.0% of the Ely population
- 0.6% of houses and apartments in Ely, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.