Total monthly cost of ownership
Cost to Own a Home in Ephrata, Washington
A $240,000 home here costs
$1,820per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,234. The real number is $586 higher every month — 48% 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.
Ephrata against Grant County and Washington
| Measure | Ephrata | Grant County |
|---|---|---|
| Median home value | $240,000 | $275,700 |
| Median property tax | $1,781 | $2,268 |
| Effective tax rate | 0.742% | 0.823% |
| Median gross rent | $993 | $1,059 |
| Population | 8,493 | 100,428 |
The weather behind that power bill
Ephrata sits in Grant County, which averages a high of 89.3°F in its hottest month and a low of 23.5°F in its coldest, with 7.58" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 843 cooling and 5,753 heating degree days, which is what sets the $134 electricity line above.
See the full climate breakdown for Grant County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grant County
Full Grant County cost breakdown · Every county in Washington
Common questions
How much does it cost to own a home in Ephrata?
A $240,000 home in Ephrata, Washington costs approximately $1,820 per month with 20% down at 6.66%. That is $1,234 principal and interest, $148 property tax, $36 homeowners insurance, $202 utilities and $200 set aside for maintenance.
What is the property tax rate in Ephrata?
Ephrata has an effective property tax rate of 0.742%, based on a median home value of $240,000 and median real estate taxes of $1,781. That is lower than the Grant County average of 0.823%.
What is the average home price in Ephrata?
The median owner-occupied home value in Ephrata, Washington is $240,000, against $275,700 across Grant County.
Is it cheaper to rent or buy in Ephrata?
Median gross rent in Ephrata is $993 a month, against $1,820 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 Ephrata — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Washington.
- 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.