Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 13,693, 5,757 total housing units (homes and apartments), and a median house value of $261,305, Ephrata real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Ephrata, accounting for 39.29% of the borough's housing units. Other types of housing that are prevalent in Ephrata include row houses and other attached homes ( 24.93%), large apartment complexes or high rise apartments ( 19.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 14.26%).
The most prevalent building size and type in Ephrata are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 53.52% owning and 46.48% renting.
There is a lot of housing in Ephrata built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ephrata built before 1939 ( 25.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.02%). There's also some housing in Ephrata built between 2000 and later ( 8.87%).
Real estate appreciation rates in Ephrata's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.48% during the period.
Appreciation rates are so strong in Ephrata that despite a nationwide downturn in the housing market, Ephrata real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ephrata appreciation rates continue to be some of the highest in America, at 9.71%, which is higher than appreciation rates in 85.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ephrata. Ephrata appreciation rates in the latest quarter were at 3.45%, which equates to an annual appreciation rate of 14.52%.
Importantly, this makes Ephrata one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Ephrata's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Ephrata differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ephrata - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ephrata real estate investment or home purchase decisions.
$261,305
for Pennsylvania
for nation
5,757
$1,522 / per month