ZIP Code Market Report
89301 — Ely, NV
Data through February 2026 · Updated monthly
Avg Home Value
$214,953
▼ 0.6% year-over-year
Month-over-Month
+0.1%
▲ 0.1%
Single Family
$214,672
Condo / Co-op
--
The average home value in the 89301 ZIP code (Ely, NEVADA) is $214,953 as of February 2026. Home prices are stable, down 0.6% compared to last year.
A 3-bedroom home in 89301 is valued at $263,508.
The market in 89301 has a $240,011 spread between bottom-tier homes at $117,873 and top-tier homes at $357,884. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the White Pine County market area in NEVADA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full White Pine County report.
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Market Snapshot
89301 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $216,026 | $214,788 | $214,953 | ▼ 0.5% |
| Single Family Value | $213,496 | $214,060 | $214,672 | ▲ 0.6% |
Home Values
89301 Home Value Trend
Historical home values for ZIP code 89301. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 89301
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $171,434 |
| 3 Bedrooms | $263,508 |
| 4 Bedrooms | $322,716 |
Property Types
Home Values by Property Type in 89301
How different property types compare in this ZIP code.
All Homes
$214,953
Single Family
$214,672
Bottom Tier
$117,873
Top Tier
$357,884
Data Sources and Methodology
Home value data for ZIP code 89301 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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