Landlord Insurance in Ely, NV | Rental Property Coverage

Census estimates put Ely's renter-occupied share at 35%, or roughly 562 of 1,622 occupied homes. Compared with 40% across Nevada, that is below average, and it tells you a lot about the local rental stock owners are insuring.

Ely at a glance for landlords

Measure	Ely	Nevada
Renter-occupied homes	35% (562)	40%
Median owner-occupied home value	$233,700	$435,400
Median gross rent	$950/mo	$1,597/mo
Median year structure built	1958	1996
Homes in 2–4 unit buildings	13%	7%
Single-family homes (detached or attached)	79%	66%

Figures from the U.S. Census Bureau (ACS 2020–2024 five-year estimates; 2024 population estimates).

Insured value and premium context in Ely

Homes in Ely carry a median value near $233,700 according to the Census, compared with $435,400 statewide. Because land is never rebuilt, many owners find their rebuild estimate differs from that figure in either direction.

If your rental is insured somewhere around Ely's median, the closest NAIC benchmark is the $225,000–$249,999 band, where the 2023 Nevada dwelling-fire average was $624. The all-amounts state figure was $541.

Protecting rental income in Ely

With median gross rent near $950 per month, twelve months of interrupted income in Ely comes to about $11,400 for a single unit. Multiply by your unit count when you size loss-of-rents coverage.

Building age and underwriting in Ely

Ely's housing stock is old by national standards, with a median year built of 1958. Expect underwriters to focus on electrical service, heating systems, and plumbing material, and to reward verified renovations.

Types of rental property in Ely

Small multi-family buildings are a real part of Ely's housing at roughly 13% of units. If you own a duplex, triplex, or fourplex here, read our guide to 2–4 unit buildings.

Comparing Ely to neighboring cities

In Las Vegas, 43% of occupied homes are rented and the median value is $427,900. Henderson has a renter share of 34% with homes valued around $484,900 at the median. North Las Vegas has a renter share of 36% with homes valued around $404,400 at the median. Among the 15 largest Nevada cities we profile, Ely ranks 10 for renter share. Manufactured and mobile homes make up about 6% of Ely's housing, and many dwelling programs underwrite those separately. Roughly 1% of homes in Ely are in buildings of five or more units, the point where most owners move to commercial apartment policies.

Storm and hazard considerations in Ely

Typical Nevada property risks such as wildfire and smoke near the Sierra front and high wind events affect owners in Ely and the rest of White Pine County. Flood and earthquake are excluded from standard dwelling forms and need their own coverage.

Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.

Your Ely quote checklist

Who holds the loan, for the mortgagee clause
Desired liability limit and loss-of-rents amount
Property location in Ely and unit count
Year built and roof age
Occupancy: long-term lease, month-to-month, short-term, or vacant
Electrical, plumbing, and heating update years
Current insurer and any losses in five years

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Questions from Ely rental owners

What share of Ely homes are rentals?

About 35% of occupied homes in Ely, roughly 562 households, are renter-occupied according to the 2020–2024 American Community Survey.

Do Ely landlords have to carry insurance?

Not by statute. In practice, a Ely rental with a mortgage will need property coverage, and associations or managers often insist on liability limits.

What is a typical landlord premium in Ely?

It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Nevada dwelling-fire average of $541; see our Nevada page for the full table.

Other Nevada cities

Landlord insurance in Nevada · Cost by state

Last updated October 15, 2026. Sources and method: how we research.

Rental property insurance for Ely landlords