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Ely city, IA

ZIP 52227 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 52227

Median Home Value
$299,600
Median Rent
$826
Affordability Snapshot
$82,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,925/mo PITI).

9%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

30.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 52227 in Ely city, IA, a household would need roughly $82,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,925. That sits below the local median household income ($111,000), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
84.2%+29% vs US avg
x
Vacancy Rate
1.0%-90% vs US avg
x
Broadband Access
92.4%+6% vs US avg
x
4+ Bedrooms
12.1%-18% vs US avg
x
Built Pre-1939
0.9%-93% vs US avg
x
Built Post-2014
4.4%-37% vs US avg
x
Rent Burden >30%
4.0%-92% vs US avg
x
Mortgage-Free
31.2%-18% vs US avg
x
$299,600
Home Value
$826
Rent
1995
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached83.1%
  • 1-unit attached5.8%
  • 2-9 units8.3%
  • 10+ units0.4%
  • Mobile home & other2.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$299,600
Median rent$826
Owner-occupied84.2%
Vacant1.0%
Price-to-income2.7x
Est. income to buy$82,000