Real Estate Investing in Ely, Nevada (89301)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89301 (Ely, NV)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.9% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ely, NV (89301)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89301 Ely
ZIP 89301 inside White Pine County looks affordable on the surface — median value of $222K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 89301 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 89301 sits on the difficult end of the NV spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 89301 includes headwinds that any investor should price in. Income distribution skews lower than Ely averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 89301 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Ely:
Property Strategy for 89301
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $171,024 | $1,270 | 5.3% | +6.6% | $85,512 |
| 3BR | $263,728 | $1,660 | 4.5% | +6.0% | $87,909 |
| 4BR | $319,577 | $2,130 | 4.8% | +7.1% | $79,894 |
Market Trends
Home Value History (with trend line)
📊 How Does 89301 Compare?
| Metric | 89301 | Ely | Nevada |
|---|---|---|---|
| Home Value | $221,955 | $110,978 | $444,019 |
| 5-Year CAGR | 2.5% | 2.5% | 6.8% |
| Avg Rent | $1,143 | $1,143 | - |
| Cap Rate | 4.0% | 4.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 89301 (Ely, NV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $221,955 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 89301
Population: 6,795
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 89301
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What are home prices like in Ely, NV?
Median home price in Ely, NV is near $222K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Is the tenant base reliable in Ely, NV?
The renter base in Ely, NV is reasonable for the $1,143/mo price point. Screening well and pricing to market typically yields stable tenants.
What is the typical rental rate in Ely, NV?
The typical rental in Ely, NV commands about $1,143/mo monthly. That rent profile steady cash flow against the $222K purchase basis.
Is NV a landlord-friendly state?
Landlord-friendliness in Ely, NV is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What real estate strategy is ideal for Ely, NV?
Ely, NV investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($222K prices, $1,143/mo rents) make it a reasonable choice.
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