Rent in Ely, IA
A 2-bedroom in Ely, IA (ZIP 52227) typically rents for about $892 a month, with a range of $892–$1,054. Owner-occupied homes in Linn County pay about 1.66% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $734 | $734 | 1 |
| 1 bed | $577 | $577–$806 | 1 |
| 2 beds | $892 | $892–$1,054 | 1 |
| 3 beds | $1,459 | $1,459 | 1 |
| 4 beds | $1,762 | $1,762 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Ely ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Ely, IA?
- About $892 a month: the median of the typical rents in 1 ZIP code, which range from $892–$1,054. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Ely, IA?
- About $577 a month: the median of the typical rents in 1 ZIP code, which range from $577–$806. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Ely, IA?
- About $1,459 a month: the median of the typical rents in 1 ZIP code, which range from $1,459. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Ely, IA?
- About $734 a month: the median of the typical rents in 1 ZIP code, which range from $734. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Ely, IA?
- About $1,762 a month: the median of the typical rents in 1 ZIP code, which range from $1,762. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Ely, IA?
- Owner-occupied homes in Linn County pay a typical 1.66% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Ely rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).