Is Ely, IA a good place to invest in rental property?

Ely, IA has a median modeled monthly cash flow of $-1,427 and a median cap rate of 1.2%, on a median sold price of $346,000. Prices changed +4.7% year over year.

What is the average cap rate in Ely, IA?

The median cap rate across recently sold homes in Ely, IA is 1.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Ely, IA?

The median sold price in Ely, IA is $346,000 (about $157 per square foot).

Investing in Ely, IA Real Estate

A data-driven snapshot of the Ely, IA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$346,000Median sold price

$157Median $/sqft

1.2%Median cap rate

$-1,427Modeled cash flow / mo

+4.7%Appreciation YoY

6.9Months of supply

26Active listings

45Sold (last 12 mo)

What the Ely numbers say

In Ely, IA, the median home sold for $346,000 (about $157 per square foot), and the typical deal models out to a 1.2% cap rate with a median $-1,427 of monthly cash flow. Sold prices moved +4.7% over the past year. Inventory sits at about 6.9 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Iowa markets to compare

See Ely cash-flowing listings

CashFlowRE ranks every for-sale home in Ely, IA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Ely deals, or browse the national market data.