Quick facts: Ephrata, WA

Quick Facts

105.3
Cost of Living
above US average
8,476
Population
53.09
Crime Rate per 1000
above US average
$57,958
Median Income
below US average
$270,000
Median House Price
above US average
$1337.14
Average Rent
below US average
11%
Poverty Rate
above US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $57,958.

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Income Needed to Buy

βœ— Stretch
$85k/year
Based on $270,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $85k vs median $57,958
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Income Needed to Rent

βœ“ Affordable
$57k/year
Based on $1337.14/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($57,958) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ephrata, WA

Ephrata is a charming city located in Grant County, Washington. It serves as a hub for the surrounding agricultural areas and is known for its rich history and scenic landscapes. With a population of around 7,500 residents, Ephrata has a small-town feel while offering essential amenities. The city's name is derived from a biblical reference, and you can find various parks and recreational areas that showcase the natural beauty of the region. Ephrata is situated near the banks of the Columbia River, making it a great spot for outdoor activities such as fishing, hiking, and picnicking. The nearby Grand Coulee Dam adds to the area's recreational opportunities and is a popular tourist attraction. Cultural events, such as the Ephrata Fair, highlight local arts and crafts, bringing the community together. The city is also home to the Ephrata National Fish Hatchery, where visitors can learn about fish conservation efforts. Overall, Ephrata provides a peaceful lifestyle, welcoming residents and visitors alike, with a blend of natural beauty and a close-knit community spirit.

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