98823, Ephrata, WA

The 98823 zip code of Ephrata, WA is located in the eastern part of the state and has a population of just over 2,000. The median home value in this zip code is $172,500 which is considerably lower than the statewide median home value of $253,700. The average home equity in this zip code is also much lower at just over $50,000.

There are a number of factors that may contribute to the low home values and equity in the 98823 zip code. One reason may be that there are relatively few homes for sale in this area which could lead to increased competition for buyers and decreased prices. Additionally, many homes here were built before 1990 which may make them less desirable to potential buyers due to outdated features and amenities. Finally, Ephrata is located in an economically depressed region of Washington which could lead to fewer opportunities for people to earn income and increase their home equity.