The housing market in 98823 Ephrata, WA is thriving. The median value of a house in the area is $281,400, much lower than the US median value of $338,100. House appreciation over the past year in this area has been strong at 11.29%, higher than the US appreciation rate of 8.27%. This indicates that not only are houses relatively more affordable in 98823 Ephrata, WA but they are also increasing in value faster than houses elsewhere in the country.
The median home cost in Ephrata (zip 98823) is $281,400. Home appreciation the last 10 years has been 123.7%. Home Appreciation in Ephrata (zip 98823) is up 16.0%.
Average Age of Homes
- The median age of Ephrata (zip 98823) real estate is 44 years old
The Rental Market in Ephrata (zip 98823)
- Renters make up 33.1% of the Ephrata (zip 98823) population
- 1.8% of houses and apartments in Ephrata (zip 98823), 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.