Real Estate Investing in Ely, Iowa

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 2,864 • Linn County

☆ Watch this market Free account

Should you buy in Ely, IA? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (72/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Ely, IA?

Click any question — our AI will research it live from the web and show you sources.

✨ Live AI + Web Search
Want to ask your own questions? Upgrade to Pro for unlimited custom queries.
3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.8% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $378,064
Avg Monthly Rent $999
ZIP Codes 1

Investing in Ely Real Estate

This is a distressed-leaning corner of Iowa: Ely has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Ely is in that category.

The $999/mo / $378K relationship in Ely looks thin once vacancy and capex are incorporated into underwriting. trends toward the realized yield tends to disappoint.

Demographics in Ely show real pressure — median income of $N/AK is underwhelming relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
Open the Market Finder →
Free to search · investor plans from $19/mo

Best ZIP codes in Cedar Rapids, IA

Ely is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Ely, IA. Anonymous, moderated, never written by AI.

Do you own or manage rentals in Ely, IA?

~25 seconds · no account needed · your report is anonymous

Avg Home Value
$378,064
Avg Monthly Rent
$999
1% Rule
✗ Below
Landlord Friendly (IA)

📉 Market Crash Risk Index

Based on Cedar Rapids, IA metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
46%
Days Pending
1/2
41 days

View all metro crash risk rankings →

❄️ Cool Market — Cedar Rapids, IA metro
41
Days to pending
10.2%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Ely, IA

Screen every ZIP in Ely

Filter Ely’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

View Plans

Frequently Asked Questions About Ely, IA

Should investors consider Ely, IA?

Ely, IA comes in at an investability rating of 3.0/5, with median home values near $378K and average rents around $999/mo. That combination puts it in the robust tier for investor interest.

Is Ely, IA better for rentals, flips, or BRRRR?

The best-fit strategy in Ely, IA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

How much is rent in Ely, IA?

Rental rates in Ely, IA average $999/mo. Tenant demand and $378K home values make the yield look reasonable by investor standards.

How deep is the rental pool in Ely, IA?

Working renters make up the core of the Ely, IA tenant base. The pool is reasonable for investors targeting long-term holds.

How strict are landlord regulations in Ely, IA?

Ely, IA falls under IA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.

Community Ratings

What people who’ve spent time here actually say. Not paid reviews.

Be the first to rate Ely, IA.

It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.