Ely real estate occupies one of Nevada's most remote yet historically significant settings, White Pine County's copper-mining heritage and proximity to Great Basin National Park give the city a distinctive character. Median home prices near $175,000 rank among Nevada's lowest, reflecting the small population of approximately 4,000 and the market's distance from major metros. KGHM's Robinson Mine copper opération near Ely provides blue-collar employment that sustains baseline housing demand.
White Pine County property taxes and rental market
White Pine County effective property tax rates average approximately 0.62% of assessed value, consistent with Nevada's low-tax framework. Annual taxes on a $175,000 home run about $1,085. Ely rentals serve mine workers, Nevada Department of Corrections employées at Ely State Prison, and healthcare staff at William Bee Ririe Hospital. Two-bedroom units average $700-$950 per month, and investor cap rates on modest acquisitions can reach 10-14% gross.
Buyers targeting Ely homes for sale should explore the Steptoe Valley and downtown Ely blocks for affordable older homes with good lot sizes. Great Basin National Park, featuring Wheeler Peak, ancient bristlecone pines, and Lehman Caves, is 65 miles east and adds genuine tourism-driven appeal. Ely is best suited for buyers seeking extreme affordability or investors comfortable with rural Nevada dynamics; the 240-mile distance from Las Vegas defines the lifestyle trade-off clearly.
