The housing market in Ephraim, UT is booming. The median value of homes in the area is $368,900, which is much higher than the US median value of $338,100. In the last year, the appreciation rate for house values has been 10.89%, compared to 8.27% nationally. This rapid growth indicates a strong and healthy housing market in Ephraim and an opportunity for potential buyers or investors to capitalize on this growth.
The median home cost in Ephraim is $368,900. Home appreciation the last 10 years has been 166.8%. Home Appreciation in Ephraim is up 16.1%.
Average Age of Homes
- The median age of Ephraim real estate is 29 years old
The Rental Market in Ephraim
- Renters make up 50.6% of the Ephraim population
- 1.1% of houses and apartments in Ephraim, 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.