Ephrata, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ephrata Neighborhoods Since 2000




Ephrata, PA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ephrata Housing Market Information

With a population of 13,861, 5,660 total housing units (homes and apartments), and a median house value of $164,162, Ephrata real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Ephrata, accounting for 40.73% of the borough's housing units. Other types of housing that are prevalent in Ephrata include row houses and other attached homes ( 32.32%), large apartment complexes or high rise apartments ( 13.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.60%).

The most prevalent building size and type in Ephrata are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 63.79% owning and 36.21% renting.

There is a lot of housing in Ephrata built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ephrata built before 1939 ( 28.55%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.29%). There's also some housing in Ephrata built between 2000 and later ( 2.32%).

Ephrata Home Appreciation Rates

Real estate appreciation rates in Ephrata's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.38% during the period.

NeighborhoodScout's data show that during the latest twelve months, Ephrata's appreciation rate, at 4.76%, has been at or slightly above the national average. In the latest quarter, Ephrata's appreciation rate has been 0.61%, which annualizes to a rate of 2.48%.

Relative to Pennsylvania, our data show that Ephrata's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Ephrata differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ephrata - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ephrata real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$164,162

Ephrata, PA HOME PRICES

Value Range
> $1,065,000 1.2
$799,001 - $1,065,000 0.0
$533,001 - $799,000 0.2
$426,001 - $533,000 0.6
$320,001 - $426,000 3.8
$213,001 - $320,000 19.3
$107,001 - $213,000 64.5
$53,001 - $107,000 6.2
$0 - $53,000 4.2

High for PA
Average for Nation

Value Relative to Nation Value Relative to State
43.982186804172 36.7149758454106

Number Of Homes And Apartments:
5,660

Ephrata Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
42.45% 2.07% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$976 / per month

Homeownership Rate

Homeownership
Owners 63.79
Renters 36.21
Vacant 2.70

Housing Market Details

 

Age of Homes

AGE OF Ephrata HOMES
2000 or Newer 2.3
1970 - 1999 43.8
1940 - 1969 25.3
1939 or Older 28.6

Types of Homes

TYPE OF Ephrata HOMES
Single-Family 40.7
Townhomes 32.3
Small Apt. Buildings 11.6
Apt. Complexes 13.6
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Ephrata HOMES
No Bedroom 0.64
1 Bedroom 10.97
2 Bedrooms 27.92
3 Bedrooms 46.07
4 Bedrooms 12.60
5 or more bedrooms 1.81