Ephrata, WA—98823
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ephrata, WA
As of Oct '25, the median home price in Ephrata, WA is $310,000, with a year-over-year change of 0.5%. This indicates that home prices in Ephrata, WA are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $310,000 | 0.5% |
| Single Family | $310,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $232,000 | 2.2% |
3 Bed | $326,000 | 0.9% |
4 Bed | $397,000 | 0.5% |
| 5 Bed | $507,000 | -0.4% |
% of Housing Stock
Rental Trends — Ephrata, WA
As of July '25, Rentcast reports the average rent in Ephrata, WA is $1,350, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Ephrata, WA is studios: $722, 1-bedrooms: $871, 2-bedrooms: $1,330, 3-bedrooms: $1,630, 4-bedrooms: $1,850. The most common rental property sizes in Ephrata, WA are 2-bedroom and 4-bedroom, accounting for 41.5% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,350 |
| Studio Rent | $645 | $722 |
| 1 Bed Rent | $825 | $871 |
| 2 Bed Rent | $1,260 | $1,330 |
| 3 Bed Rent | $1,600 | $1,630 |
| 4 Bed Rent | $1,850 | $1,850 |
% of Rental Stock
Property Listings — Ephrata, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ephrata, WA is 80. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $392,000 | 3.0% |
Listing Count | 63 | 2.0% |
| Listings as % of Homes | 0.8% | 2.0% |
Days on Market | 80 | 18.0% |
Demographics — Ephrata, WA
As of the latest ACS Survey released in 2023, Ephrata, WA has a population of 12,700, which has increased by 12.7% over the past 5 years. Ephrata, WA is a popular place for families, as children make up 33.9% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,700 | 12.7% |
% Under 18 | 33.9% | 16.5% |
% Seniors | 13.7% | -2.8% |
% WFH | 7.1% | 77.5% |
% w/ College Degree | 16.8% | -28.5% |
As of the latest ACS Survey released in 2023, Ephrata, WA is a predominantly white area, with 64.3% of the population identifying as white. The white population has shrunk by 11.6% in the last 5 years. The second most common race or ethnicity in Ephrata, WA is hispanic, making up 30.1% of the population. Foreign-born residents account for 7.2% of the population in Ephrata, WA, and this percentage has decreased by 16.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.3% | -11.6% |
% Black | 0.6% | 500.0% |
% Hispanic | 30.1% | 34.4% |
% Asian | 0.2% | -81.8% |
% Foreign Born | 7.2% | -16.3% |
Mortgage and Risk — Ephrata, WA
According to HUD data as of 2023, there were 188 mortgage originations in Ephrata, WA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Ephrata, WA. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 188 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Ephrata, WA
As of 2024, the percent of homes in Ephrata, WA under the Section 8 program is 4.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Ephrata, WA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 78 |
Total Units Section 8 | 55 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 84.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $215 | $825 | $1,040 |
| 2 Bedroom | $50 | $1,260 | $1,310 |
| 3 Bedroom | $210 | $1,600 | $1,810 |
| 4 Bedroom | $250 | $1,850 | $2,100 |
Affordability — Ephrata, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $310,000 |
| Median Household Income | $77,400 |