The typical owner-occupied home in Ephrata is worth about $252,000, 55% below the Washington median of $564,600 and 24% below the national median of $332,700. Owners pay a median $1,871 a year in property taxes, about 0.74% of their home's value, lower than the Washington rate of 0.81%. The median household earns $69,551 a year, so the median home costs 3.6 times the median income (5.8 times for Washington). 65% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Ephrata at a glance
| Ephrata | Washington | U.S. | |
|---|---|---|---|
| Median home value | $252,000 | $564,600 | $332,700 |
| Median property tax paid per year | $1,871 | $4,556 | $3,119 |
| Property tax as a share of value | 0.74% | 0.81% | 0.94% |
| Median household income | $69,551 | $98,141 | $80,734 |
| Homes lived in by their owners | 65% | 64% | 65% |
| Owner homes with a mortgage | 73% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,402 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 18.7% | 22.2% | 21.0% |
| Median rent | $1,106 | $1,760 | $1,413 |
| Rent as a share of renters' income | 27.9% | 30.0% | 30.6% |
| Median year homes were built | 1970 | 1985 | 1980 |
| Vacant homes | 3.7% | 7.3% | 10.1% |
| Population | 8,560 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Ephrata
At this week's average 30-year rate of 7.11%, buying the median Ephrata home of $252,000 with 20% down costs about $1,617 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,036, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $69,282 for the 20%-down payment. That payment is 28% of the median Ephrata household income of $69,551; at that income and 20% down, the 28% guideline points to a home of about $253,000.
The median rent here is $1,106 a month, so owning the median home costs about $511 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $50,400 |
|---|---|
| Loan amount | $201,600 |
| Principal and interest | $1,356 |
| Property taxes (0.74% a year) | $155 |
| Homeowners insurance (our estimate, 0.5% a year) | $105 |
| PMI | $0 |
| Total per month | $1,617 |
Change the numbers in the calculator
| Down payment | $8,820 |
|---|---|
| Loan amount | $247,436 |
| Principal and interest | $1,665 |
| Property taxes (0.74% a year) | $155 |
| Homeowners insurance (our estimate, 0.5% a year) | $105 |
| FHA mortgage insurance | $111 |
| Total per month | $2,036 |
Change the numbers in the calculator
Questions about home buying in Ephrata
What is the median home value in Ephrata?
About $252,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ephrata?
Homeowners pay a median $1,871 a year, which is about 0.74% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Ephrata?
For the median home with 20% down at 7.11%, the payment is about $1,617 a month. Keeping that under 28% of gross income takes about $69,282 a year.
More about Ephrata
- Mortgage Refinance in Ephrata
- Debt Relief in Ephrata
- Home Equity Loans in Ephrata
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data