The housing market in Ephrata borough, PA is doing well compared to the nationwide average. The median value of a home in Ephrata borough is $194,100, compared to the US House Median Value of $338,100. Additionally, the 1 year House Appreciation rate for the area is 15.13%, which is significantly higher than the national average of 8.27%. This indicates that now could be a great time to buy a home in Ephrata borough as prices are rising quickly and you can likely expect good returns on your investment.
The median home cost in Ephrata is $194,100. Home appreciation the last 10 years has been 62.9%. Home Appreciation in Ephrata is up 12.4%.
Average Age of Homes
- The median age of Ephrata real estate is 52 years old
The Rental Market in Ephrata
- Renters make up 36.3% of the Ephrata population
- 0.5% of houses and apartments in Ephrata, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.