Total monthly cost of ownership
Cost to Own a Home in Ephraim, Utah
A $406,000 home here costs
$2,839per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,087. The real number is $752 higher every month — 36% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ephraim against Sanpete County and Utah
| Measure | Ephraim | Sanpete County |
|---|---|---|
| Median home value | $405,600 | $300,400 |
| Median property tax | $2,016 | $1,536 |
| Effective tax rate | 0.497% | 0.511% |
| Median gross rent | $911 | $911 |
| Population | 5,805 | 29,209 |
The weather behind that power bill
Ephraim sits in Sanpete County, which averages a high of 91.2°F in its hottest month and a low of 10.8°F in its coldest, with 11.69" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 441 cooling and 6,993 heating degree days, which is what sets the $117 electricity line above.
See the full climate breakdown for Sanpete County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sanpete County
Common questions
How much does it cost to own a home in Ephraim?
A $406,000 home in Ephraim, Utah costs approximately $2,839 per month with 20% down at 6.66%. That is $2,087 principal and interest, $168 property tax, $61 homeowners insurance, $185 utilities and $338 set aside for maintenance.
What is the property tax rate in Ephraim?
Ephraim has an effective property tax rate of 0.497%, based on a median home value of $405,600 and median real estate taxes of $2,016. That is lower than the Sanpete County average of 0.511%.
What is the average home price in Ephraim?
The median owner-occupied home value in Ephraim, Utah is $405,600, against $300,400 across Sanpete County.
Is it cheaper to rent or buy in Ephraim?
Median gross rent in Ephraim is $911 a month, against $2,839 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ephraim — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Utah.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.