Ephraim, WI Foreclosures
How much do homes sell for in Ephraim, WI?
The average home price is currently $628,277.
In Ephraim, WI, how many homes are available?
There are currently 25 active home listings available in Ephraim.
What’s the average rental cost in Ephraim, WI?
The average rental price in Ephraim is $1,565.
What is the most expensive home in Ephraim?
The most expensive home sold in Ephraim had a price of $5,174,379.
What is currently the cheapest priced home in Ephraim, WI?
The cheapest home for sale in Ephraim is priced at $27,175.
Living in Ephraim, WI
Ephraim, Wisconsin, is a picturesque village located in Door County near the shores of Lake Michigan. Known for its stunning natural beauty, charming boutique shops, and proximity to outdoor recreational activities, Ephraim offers a laid-back lifestyle perfect for those seeking tranquility and community. With ample opportunities for water sports, hiking, and enjoying the local culture, it is an ideal place for both residents and vacationers alike.
Current Market Conditions in Ephraim, WI
Ephraim's real estate market is characterized by a mix of vacation homes, cottages, and residential properties, attracting a wide range of buyers from families to retirees. In recent years, there has been an increase in property values, driven by the area's popularity as a tourist destination and the limited availability of coastal properties. As more people seek a peaceful retreat from urban life, Ephraim continues to see steady demand for homes.
The average home price in Ephraim has steadily risen, reflecting the desirability of lakefront access and the charming atmosphere of the village. Real estate investments in the area are seen as favorable due to the potential for vacation rentals, especially during peak seasons. The market trends indicate a balanced environment with competitive pricing for desirable properties.
Home Value Estimator For Ephraim, WI
There are currently 560 real estate properties
in Ephraim, WI,
with a median automated valuation model (AVM) price
of $484,863.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ephraim, WI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Ephraim, WI,
is $628,277.00, with the most expensive house
in Ephraim, WI, topping out
at $5,174,379.00 and the cheapest home
in Ephraim, WI,
clocking in at $27,175.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ephraim, WI!
Rent Prices
In Ephraim, WI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ephraim, WI, is on
a rollercoaster ride. The
average rent price in Ephraim, WI,
is $1,565.00. Indeed, when looking to rent in
Ephraim, WI, you can expect to pay as little
as $820.00 or as much
as $2,200.00,
with the average rent median estimated to
be $1,600.00. The good news is that finding
an affordable and desirable property to rent in Ephraim, WI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
