Zip Code
55731
City
Ely, MN
Population & Migration
What is the forecasted population for Zip code 55731 Ely, MN?
- Population census 2020
- 5,770
- Forecasted population 2025
- 5,252
- -0.09% vs. 2020
- Forecasted population 2030
- 5,297
- -0.08% vs. 2020
Zip code 55731 Ely, MN population is forecasted to decrease -0.09% by 2025 (-13.7 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 5,252 people for 2025 zip code 55731 Ely, MN will generate a good demand for housing, which is expected to have an excess of -434 houses for 2030. Vacancy rate is 33.3 points above national US average.
- Total homes available 2020
- 5,316
- Estimated total home demand in 2030
- 4,881
- Total homes balance inventory
- -434
Average Household Income in zip code 55731 Ely, MN
from Internal Revenue Service
- Average household income in 2021
- $68,756
Affordability
- Affordability Index
- 3
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 55731 Ely, MN?
County total number of drinking water violations
300
+23%
244
County total number of drinking water contaminations
12
-50%
24
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