Ely, Minnesota Short Term Rental Regulations
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Reviewed by Karolyn Hutson
Last updated August 23, 2023
Ely Short-Term Rental Regulations
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Short Term City Rating6.2
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Competition
8.1 -
Real Estate Cost
N/A -
STR Regulations
N/A -
Seasonality
7.2 -
Rental Rates
3.3
Ely, Minnesota Quick Stats
Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.
- Population
- 3,355
- STR License Required
- No
- Tourist Season
- County
- St. Louis
- Airports
- Ely Municipal Airport (LYU)
- Eveleth-Virginia Municipal Airport (EVM)
Want to learn more about Ely?
Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.
Check out our Ely rental analytics guide if you're interested in data on the Ely rental market.
Review the popular activities that hosts include in their property positing in Ely.
The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.
Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.
What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits Ely guests.
Interested in other Minnesota cities?
Check out the Minnesota short term rental regulations directory
What makes Ely a great place to invest?
- Boundary Waters Canoe Area Wilderness: Ely serves as the gateway to the Boundary Waters Canoe Area Wilderness (BWCAW), a stunning 1-million-acre expanse of pristine lakes, forests, and rivers. The BWCAW offers a true wilderness experience, with unparalleled opportunities for canoeing, kayaking, fishing, and camping in a serene and unspoiled environment.
- International Wolf Center: The International Wolf Center in Ely provides an educational and interactive experience for visitors of all ages. The center is dedicated to understanding and conserving wolves, and features a pack of ambassador wolves living on-site. Participate in engaging exhibits, informative programs, and observe these magnificent creatures in their natural habitat.
- North American Bear Center: Ely is also home to the North American Bear Center, which offers a unique opportunity to learn about the biology, behavior, and conservation of black bears. Observe resident bears in a natural enclosure, and explore interactive exhibits designed to dispel common myths and misconceptions about these often misunderstood animals.
- Outdoor Adventures: Ely offers a wide range of outdoor activities for adventure seekers, including hiking, mountain biking, bird watching, and snowmobiling. The region's extensive trail networks, such as the Trezona Trail and Bass Lake Trail, provide opportunities for visitors to explore the stunning landscapes and observe local wildlife up close.
- Scenic Beauty and Wildlife: Ely's breathtaking landscapes are characterized by lush forests, sparkling lakes, and striking rock formations. Visitors can enjoy the area's natural beauty and wildlife through activities such as wildlife photography, guided nature walks, and scenic drives along the Echo Trail, which winds through Superior National Forest and offers numerous overlooks and picnic spots.
Ely Nearby Cities
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61 miles away
- Rating: 6.8
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78 miles away
- Rating: 5.5
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The most common terms hosts include in their listings for Ely, Minnesota
Common terms for Ely short term rental listings.
When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.
Some of the must-have elements of a property description include:
- Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
- Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
- Informative: The average listing in Ely has a description approximately 1,436 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.
After reviewing more than 150 listings in Ely, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are Cabin, Lake, Ely, Canoe, Loft, Family, Wood, Dock, Boat, and Comfortable.
What are the most popular tourist activities in Ely?
Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in Ely involve Wildlife Viewing, Hiking, Boating, Snowmobiling, and Kayaking. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.
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Wildlife Viewing
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Hiking
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Boating
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Snowmobiling
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Kayaking
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Cross Country Skiing
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Swimming
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Hunting
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Adventure Activities
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Museums
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Water Sports
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Water Skiing
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in Ely, including Giants Ridge Golf and Ski Resort, Voyageurs National Park, Boundary Waters Canoe Area Wilderness, Lake Vermilion, and Superior National Forest. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.
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Regional Landmark
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Boundary Waters Canoe Area Wilderness
Included on nearly all listings
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Local Landmark
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Superior National Forest
Included on nearly all listings
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Local Landmark
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Lake Vermilion
Included on nearly all listings
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Regional Landmark
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Giants Ridge Golf and Ski Resort
Included on 67% of listings
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Regional Landmark
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Voyageurs National Park
Included on 2% of listings
What’s the weather like in Ely, Minnesota?
The weather is generally milder than the national average, with an average high temperature of around 49°, while the average low is about 29°. It has normal rainfall, averaging about 19 inches per year, compared to the national average of about 27 inches. Snowfall can be rather heavy, averaging less than 24 inches per year. The humidity levels in Ely are generally lower than the national average, and the city tends to be a bit cloudy for most of the year.
Winter
December through February
2° Low 21° High
Spring
March through May
28° Low 50° High
Summer
June through August
53° Low 75° High
Fall
September through November
33° Low 50° High
Cities Near Ely
Ely, Minnesota, is located in St. Louis County. Some cities that are located nearby include:
