City-owned Homes And Land in Ephraim, WI 54211

Current Market Conditions in Ephraim, WI

The real estate market in Ephraim remains competitive, with a growing interest in vacation homes and year-round residences as more people seek the tranquility of rural living. Inventory levels have been low, driving prices up as buyers are eager to purchase properties close to the scenic Lake Michigan shores. The presence of seasonal tourism also influences the market, attracting investors eyeing rental opportunities in the area.

Recent trends show a steady increase in home values in Ephraim, partly due to an influx of new homebuyers and investors over the past year. The village's appeal as a summer destination has prompted renewed interest, particularly in waterfront properties and those with unique historical charms.

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.