Home Insurance in Ely, Iowa
Homes in Ely carry a median value of $311,900 - 46% higher than the Linn County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Ely was built around 2000. About 17% of homes were built before 1960, about 10 points below Linn County's 27%.
The housing stock in Ely is 87% single-family homes and 6% apartments in buildings with 5+ units.
About 70% of owner-occupied homes in Ely have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Ely has an owner-occupancy rate of 82% and a vacancy rate of 2%; unoccupied homes typically need a different coverage form.
Most homes in Ely - 76% - are primarily heated with natural gas.
What's the biggest home insurance risk near Ely? FEMA's National Risk Index points to strong wind (Very High) in Linn County and Linn County had 1,092 active NFIP flood policies as of September 2026. See the full Linn County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Iowa, the statewide average premium for a standard HO-3 homeowners policy is $1,342 per year (NAIC, 2023 data).
Key figures
| Median home value | $311,900 |
|---|---|
| Median year built | 2000 |
| Owner-occupied share | 82% |
| Share of owner-occupied homes with a mortgage | 70% |
| Top county hazard | Strong Wind (Very High) |
| Active NFIP policies in Linn County | 1,092 |
| Home insurance premium | $1,342 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)