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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Ephrata, WA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ephrata, WA Housing Market Trends

With 8,476 people, 3,110 houses or apartments, and a median cost of homes of $322,235, Ephrata real estate values are some of the lowest in Washington, although compared to real estate around the nation, Ephrata homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Ephrata, accounting for 76.30% of the city's housing units. Other types of housing that are prevalent in Ephrata include mobile homes or trailers ( 7.61%), duplexes, homes converted to apartments or other small apartment buildings ( 6.85%), and a few large apartment complexes or high rise apartments ( 6.00%).

The most prevalent building size and type in Ephrata are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.22% owning and 35.78% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Ephrata's housing was primarily built during this period, from the '40s through the '60s. A full 48.04% of the city's housing hails from this era. Other housing ages represented in Ephrata include homes built between 1970-1999 ( 37.53%) and housing constructed between 2000 and later ( 10.09%). There's also some housing in Ephrata built before 1939 ( 4.33%).

Ephrata Home Appreciation Rates

In the last 10 years, Ephrata has experienced some of the highest home appreciation rates of any community in the nation. Ephrata real estate appreciated 112.08% over the last ten years, which is an average annual home appreciation rate of 7.81%, putting Ephrata in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ephrata definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Ephrata appreciation rates have trailed the rest of the nation. In the last twelve months, Ephrata's appreciation rate has been 0.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ephrata were at -0.83%, which equates to an annual appreciation rate of -3.28%.

Notably, Ephrata's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

Median Home Value

$322,235

Ephrata, WA Home Prices
> $1,380,000
$1,035,001 - $1,380,000
$690,001 - $1,035,000
$552,001 - $690,000
$414,001 - $552,000
$276,001 - $414,000
$138,001 - $276,000
$69,001 - $138,000
$0 - $69,000
0.4%
0.4%
0.0%
0.0%
2.0%
2.0%
8.3%
8.3%
13.4%
13.4%
35.2%
35.2%
31.7%
31.7%
2.4%
2.4%
6.7%
6.7%
0% 100.0%
% of Homes
Very Low

for Washington

High

for nation

Number of Homes And Apartments:

3,110

Ephrata Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,620 / per month

Homeownership Rate

Owners
Renters
64.2%
64.2%
35.8%
35.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.7%
5.7%
94.3%
94.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.1%
10.1%
37.5%
37.5%
48.0%
48.0%
4.3%
4.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
76.3%
76.3%
3.2%
3.2%
6.9%
6.9%
6.0%
6.0%
7.6%
7.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.1%
1.1%
3.6%
3.6%
35.7%
35.7%
43.3%
43.3%
8.4%
8.4%
7.8%
7.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Ephrata

Zip Codes in Ephrata, WA