ZIP Code 89318 — Ely, NV Home Prices (2026)

The typical home in ZIP 89318 (Ely, Nevada) is worth about $140,000 at roughly $145 per square foot — 36% more affordable than the Ely median and 52% more affordable than the typical U.S. home.

$140,000

Typical home value

$145

Price per sq ft

#3 of 3

Ely ZIPs by value

-36%

vs Ely median

How 89318 compares

ZIP 89318 is one of the more affordable ZIP codes in Ely: its typical home value of $140,000 ranks #3 of the 3 Ely ZIP codes we track (the citywide range runs from $140,000 in 89318 to $222,000 in 89301). Per square foot it costs about $145, against $174 for Ely as a whole, $259 for Nevada, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 89318	$140,000	$145
Ely, NV	$219,000	$174
Nevada	$423,500	$259
United States	$294,000	$195

Home value by size in 89318

Using this ZIP’s rate of about $145 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$145,000
1,500 sq ft	$217,500
2,000 sq ft	$290,000
2,500 sq ft	$362,500
3,000 sq ft	$435,000

Salary needed to buy a home in ZIP 89318

To buy the typical $140,000 home in ZIP 89318 with 20% down, you need a household income of roughly $38,000 a year (about $890 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $45,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$7,000	$1,100/mo	$47,000/yr
10% (+PMI)	$14,000	$1,060/mo	$45,000/yr
20%	$28,000	$890/mo	$38,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 89318

At about $145 per square foot, here is roughly how much home different budgets get you in ZIP 89318:

Budget	Approx. size	What that looks like locally
$150k	1030 sq ft	around the typical home here
$200k	1380 sq ft	above the median — larger homes or the pricier ZIPs
$250k	1720 sq ft	above the median — larger homes or the pricier ZIPs
$300k	2070 sq ft	above the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 89318 home.

Estimate a specific home in 89318

The estimator below is pre-set to ZIP 89318 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Ely ZIP codes by home value

Where 89318 sits among Ely’s 3 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	89301	$222,000	$174
2	89316	$219,000	$328
3	89318 (this page)	$140,000	$145

ZIP 89318 home prices: frequently asked

What is the average home price in ZIP code 89318? +

The typical home in ZIP 89318 (Ely, NV) is worth about $140,000 as of 2026. That is 36% more affordable than the Ely median of $219,000 and 52% more affordable than the U.S. median of $294,000.

What is the price per square foot in 89318? +

About $145 per square foot in 89318, versus $174 across Ely and $259 across Nevada. At that rate a 1,500 sq ft home runs roughly $217,500 and a 2,500 sq ft home about $362,500.

What salary do you need to buy a house in ZIP 89318? +

For the typical $140,000 home in ZIP 89318, a household income of about $38,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $45,000; with 5% down about $47,000.

Is 89318 an expensive ZIP code? +

Within Ely, 89318 ranks #3 of 3 ZIP codes by typical home value, which makes it one of the more affordable ZIP codes in Ely. Nationally it is relatively affordable.

See the full Ely home values page, all Nevada cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.