Zip Code: 55731 (Ely, Minnesota) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)
Updated on February 21, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in the 55731 Zip Code (Ely, Minnesota) in January 2026 was $264,332.168. The month over month percentage change (MoM) was 0.60%, and the year over year percentage change (YoY) was 4.16%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 55731 zip code (Ely, Minnesota). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 55731 zip code (Ely, Minnesota).

You can see similar information for other Minnesota zip codes, and for Minnesota.

Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Data Source: Zillow.
Zip Code: 55731 (Ely, Minnesota) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 55731 (Ely, Minnesota) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 154004.06642633342 0.32 1.14
Feb 2015 154026.4412414542 0.02 0.83
Mar 2015 153723.1519667006 -0.20 0.56
Apr 2015 153790.27199280905 0.04 0.42
May 2015 153976.30607289824 0.12 0.25
Jun 2015 153954.70661702435 -0.01 -0.34
Jul 2015 153314.2462396732 -0.42 -0.76
Aug 2015 152415.97094743839 -0.59 -0.61
Sep 2015 151395.63413163158 -0.67 -0.43
Oct 2015 150933.38025719862 -0.30 -0.47
Nov 2015 150618.48240518235 -0.21 -1.17
Dec 2015 150818.4619451575 0.13 -1.76
Jan 2016 150705.51793264 -0.07 -2.14
Feb 2016 150096.13107288137 -0.40 -2.55
Mar 2016 148703.50452071425 -0.93 -3.26
Apr 2016 147685.3239233784 -0.68 -3.97
May 2016 147001.25933287243 -0.46 -4.53
Jun 2016 147446.5445263773 0.30 -4.23
Jul 2016 147713.5851363421 0.18 -3.65
Aug 2016 148328.1047435164 0.42 -2.68
Sep 2016 148839.61050481795 0.35 -1.69
Oct 2016 149633.22882416274 0.53 -0.86
Nov 2016 150218.1553726238 0.39 -0.27
Dec 2016 150297.47680283684 0.05 -0.34
Jan 2017 150089.74766568092 -0.14 -0.41
Feb 2017 149642.59890447478 -0.30 -0.30
Mar 2017 149099.79641401392 -0.36 0.27
Apr 2017 149085.95271393086 -0.01 0.95
May 2017 149534.90802944417 0.30 1.72
Jun 2017 150731.13697031914 0.80 2.23
Jul 2017 152072.04481832628 0.89 2.95
Aug 2017 153241.8788013386 0.77 3.31
Sep 2017 153925.41070854742 0.45 3.42
Oct 2017 154164.14528169468 0.16 3.03
Nov 2017 154099.64402601696 -0.04 2.58
Dec 2017 153909.08433136714 -0.12 2.40
Jan 2018 153400.232964606 -0.33 2.21
Feb 2018 153057.46935920554 -0.22 2.28
Mar 2018 153202.34180891167 0.10 2.75
Apr 2018 153828.72894166774 0.41 3.18
May 2018 154746.48507986788 0.60 3.49
Jun 2018 155459.09819701166 0.46 3.14
Jul 2018 155930.135304837 0.30 2.54
Aug 2018 156070.40085893613 0.09 1.85
Sep 2018 156790.14102614552 0.46 1.86
Oct 2018 157810.3924045545 0.65 2.37
Nov 2018 159329.7961039523 0.96 3.39
Dec 2018 160184.20317230345 0.54 4.08
Jan 2019 161122.565435704 0.59 5.03
Feb 2019 162089.75473737958 0.60 5.90
Mar 2019 163377.31364140546 0.79 6.64
Apr 2019 164454.7328076228 0.66 6.91
May 2019 165073.52693126784 0.38 6.67
Jun 2019 165457.01673417236 0.23 6.43
Jul 2019 165450.777215157 0.00 6.11
Aug 2019 165281.78629605184 -0.10 5.90
Sep 2019 164845.4920933606 -0.26 5.14
Oct 2019 165133.91026436735 0.18 4.64
Nov 2019 166056.65441743718 0.56 4.22
Dec 2019 167304.06282255132 0.75 4.45
Jan 2020 168139.03815703173 0.50 4.36
Feb 2020 168396.558414809 0.15 3.89
Mar 2020 168532.0572268212 0.08 3.16
Apr 2020 168673.91408838393 0.08 2.57
May 2020 169004.17695810035 0.20 2.38
Jun 2020 169184.8048663795 0.11 2.25
Jul 2020 169590.51181942198 0.24 2.50
Aug 2020 170592.3966332981 0.59 3.21
Sep 2020 172887.88924586636 1.35 4.88
Oct 2020 175999.50414957703 1.80 6.58
Nov 2020 179736.94004276174 2.12 8.24
Dec 2020 182917.46076484086 1.77 9.33
Jan 2021 185531.86659083425 1.43 10.34
Feb 2021 187537.26183907382 1.08 11.37
Mar 2021 189308.51614574026 0.94 12.33
Apr 2021 191631.23244567457 1.23 13.61
May 2021 194887.3084676412 1.70 15.32
Jun 2021 199338.2472191495 2.28 17.82
Jul 2021 203149.8267642374 1.91 19.79
Aug 2021 205566.44746647906 1.19 20.50
Sep 2021 206492.9444167673 0.45 19.44
Oct 2021 207506.56386486147 0.49 17.90
Nov 2021 209474.24348379366 0.95 16.55
Dec 2021 212467.3959005269 1.43 16.16
Jan 2022 216688.45713954675 1.99 16.79
Feb 2022 221000.27430826172 1.99 17.84
Mar 2022 225083.105349335 1.85 18.90
Apr 2022 228520.67308450988 1.53 19.25
May 2022 231527.92951192218 1.32 18.80
Jun 2022 234657.97464199978 1.35 17.72
Jul 2022 236425.60843024147 0.75 16.38
Aug 2022 236595.6189847442 0.07 15.09
Sep 2022 235111.91888905238 -0.63 13.86
Oct 2022 234532.3232384656 -0.25 13.02
Nov 2022 234678.37367510152 0.06 12.03
Dec 2022 235337.38737142106 0.28 10.76
Jan 2023 235148.79389158275 -0.08 8.52
Feb 2023 235557.16320088485 0.17 6.59
Mar 2023 236371.87809909414 0.35 5.01
Apr 2023 238026.74844206404 0.70 4.16
May 2023 239841.29303202007 0.76 3.59
Jun 2023 241837.58037940878 0.83 3.06
Jul 2023 243727.5723648826 0.78 3.09
Aug 2023 244754.9425870895 0.42 3.45
Sep 2023 245275.03831132533 0.21 4.32
Oct 2023 245524.69601740464 0.10 4.69
Nov 2023 246353.4132518622 0.34 4.97
Dec 2023 246950.1465862525 0.24 4.93
Jan 2024 247165.54613633736 0.09 5.11
Feb 2024 247594.60595064642 0.17 5.11
Mar 2024 249121.75525352926 0.62 5.39
Apr 2024 250975.63081782704 0.74 5.44
May 2024 252741.27814042274 0.70 5.38
Jun 2024 253953.95147144803 0.48 5.01
Jul 2024 255032.58629049142 0.43 4.64
Aug 2024 255810.94420917754 0.31 4.52
Sep 2024 256078.30607705505 0.11 4.41
Oct 2024 256192.36274836803 0.05 4.35
Nov 2024 255347.80142267386 -0.33 3.65
Dec 2024 254791.9998097718 -0.22 3.18
Jan 2025 253780.97281100182 -0.40 2.68
Feb 2025 253504.4958311439 -0.11 2.39
Mar 2025 252825.3025353281 -0.27 1.49
Apr 2025 252564.91962141008 -0.10 0.63
May 2025 252517.34541987395 -0.02 -0.09
Jun 2025 252746.72093859795 0.09 -0.47
Jul 2025 253983.7422676925 0.49 -0.41
Aug 2025 255432.6942653052 0.57 -0.15
Sep 2025 257439.249504874 0.79 0.53
Oct 2025 259310.59482003018 0.73 1.22
Nov 2025 261006.41071130094 0.65 2.22
Dec 2025 262751.7588071579 0.67 3.12
Jan 2026 264332.1678044779 0.60 4.16