55731
Ely, Minnesota.
Ely, Saint Louis County, MN · Duluth, MN-WI metro · population 5,361
to buy the typical home at today's mortgage rate — +$846 (+133%) since Jan 2020.
- 1 year
- Up $15,079 +6%
- $267,621$282,700 since Sep 2025
- 5 years
- Up $68,040 +32%
- $214,660$282,700 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 55731$1,484
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in zip 55731 rose 5.6% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Lake County, MN 51% · Saint Louis County, MN 49%
Zillow also publishes an index for the city itself: Ely, MN — measured over the city limits, which is a different area from this zip.
Typical home value — 55731
Mid-tier homes, smoothed and seasonally adjusted.
- 55731$282,700
- Duluth$263,835
- United States$366,157
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.