The typical owner-occupied home in Ephraim is worth about $505,100, 90% above the Wisconsin median of $266,500 and 52% above the national median of $332,700. Owners pay a median $4,675 a year in property taxes, about 0.93% of their home's value, lower than the Wisconsin rate of 1.42%. The median household earns $100,313 a year, so the median home costs 5.0 times the median income (3.4 times for Wisconsin). 89% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Ephraim at a glance
| Ephraim | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $505,100 | $266,500 | $332,700 |
| Median property tax paid per year | $4,675 | $3,792 | $3,119 |
| Property tax as a share of value | 0.93% | 1.42% | 0.94% |
| Median household income | $100,313 | $77,485 | $80,734 |
| Homes lived in by their owners | 89% | 68% | 65% |
| Owner homes with a mortgage | 42% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,103 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 23.5% | 19.5% | 21.0% |
| Median rent | $956 | $1,087 | $1,413 |
| Rent as a share of renters' income | 14.8% | 27.2% | 30.6% |
| Median year homes were built | 1955 | 1975 | 1980 |
| Vacant homes | 65.9% | 10.8% | 10.1% |
| Population | 412 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Ephraim
At this week's average 30-year rate of 7.11%, buying the median Ephraim home of $505,100 with 20% down costs about $3,320 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,162, 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 $142,293 for the 20%-down payment. That payment is 40% of the median Ephraim household income of $100,313; at that income and 20% down, the 28% guideline points to a home of about $356,000.
The median rent here is $956 a month, so owning the median home costs about $2,364 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $101,020 |
|---|---|
| Loan amount | $404,080 |
| Principal and interest | $2,718 |
| Property taxes (0.93% a year) | $391 |
| Homeowners insurance (our estimate, 0.5% a year) | $210 |
| PMI | $0 |
| Total per month | $3,320 |
Change the numbers in the calculator
| Down payment | $17,678 |
|---|---|
| Loan amount | $495,951 |
| Principal and interest | $3,336 |
| Property taxes (0.93% a year) | $391 |
| Homeowners insurance (our estimate, 0.5% a year) | $210 |
| FHA mortgage insurance | $223 |
| Total per month | $4,162 |
Change the numbers in the calculator
Questions about home buying in Ephraim
What is the median home value in Ephraim?
About $505,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ephraim?
Homeowners pay a median $4,675 a year, which is about 0.93% 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 Ephraim?
For the median home with 20% down at 7.11%, the payment is about $3,320 a month. Keeping that under 28% of gross income takes about $142,293 a year.
More about Ephraim
- Mortgage Refinance in Ephraim
- Debt Relief in Ephraim
- Home Equity Loans in Ephraim
- 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