Ephrata, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ephrata Neighborhoods Since 2000




Ephrata, WA 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 8,047, 2,862 total housing units (homes and apartments), and a median house value of $151,970, 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 70.73% of the city's housing units. Other types of housing that are prevalent in Ephrata include large apartment complexes or high rise apartments ( 10.70%), mobile homes or trailers ( 10.37%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.32%).

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 57.93% owning and 42.07% 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 48.64% of the city's housing hails from this era. Other housing ages represented in Ephrata include homes built between 1970-1999 ( 31.47%) and housing constructed before 1939 ( 10.01%). There's also some housing in Ephrata built between 2000 and later ( 9.88%).

Ephrata Home Appreciation Rates

Appreciation rates for homes in Ephrata have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.08%, which ranks in the top 30% nationwide. This equates to an annual average Ephrata house appreciation rate of 0.96%.

NeighborhoodScout's data show that during the latest twelve months, Ephrata's appreciation rate, at 5.17%, has been at or slightly above the national average. In the latest quarter, Ephrata's appreciation rate has been 1.50%, which annualizes to a rate of 6.14%.

Relative to Washington, our data show that Ephrata's latest annual appreciation rate is lower than 90% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$151,970

Ephrata, WA HOME PRICES

Value Range
> $1,122,000 0.0
$842,001 - $1,122,000 0.0
$561,001 - $842,000 0.0
$449,001 - $561,000 0.7
$337,001 - $449,000 0.8
$224,001 - $337,000 24.4
$112,001 - $224,000 43.6
$56,001 - $112,000 18.8
$0 - $56,000 11.6

Very Low for WA
Average for Nation

Value Relative to Nation Value Relative to State
49.1679362475097 91.1347517730496

Number Of Homes And Apartments:
2,862

Ephrata Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
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
57.27% 2.66% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$831 / per month

Homeownership Rate

Homeownership
Owners 57.93
Renters 42.07
Vacant 6.07

Housing Market Details

 

Age of Homes

AGE OF Ephrata HOMES
2000 or Newer 9.9
1970 - 1999 31.5
1940 - 1969 48.6
1939 or Older 10.0

Types of Homes

TYPE OF Ephrata HOMES
Single-Family 70.7
Townhomes 2.9
Small Apt. Buildings 5.3
Apt. Complexes 10.7
Mobile Homes 10.4
Other 0.0

Home Size

SIZE OF Ephrata HOMES
No Bedroom 1.25
1 Bedroom 8.76
2 Bedrooms 29.24
3 Bedrooms 44.83
4 Bedrooms 14.31
5 or more bedrooms 1.61

Popular Neighborhoods in Ephrata

Popular Communities Near Ephrata, WA

Zip Codes in Ephrata, WA