89301, Ely, NV

The home equity and home prices in the 89301 zip code of Ely, NV are very high. The median home value in this zip code is $527,000 which is more than double the national median home value of $177,500. Additionally, the percentage of homes in this zip code that are worth over $500,000 is significantly higher than the national average of just over 30%. This indicates that there are a lot of wealthy people living in this zip code.

One reason for this high level of home values may be the fact that Ely is a relatively new city. It was only established in 1989 and has only had modest growth since then. This means that there are not many homes available for sale or rent and so those that are available tend to be more expensive. Additionally, Ely is located near several major cities such as Las Vegas and Reno which may also contribute to its high level of home values.