If you’re looking for an affordable place to invest in a home, Ephrata should be on your radar. According to the website SmartAsset, Ephrata is the most-affordable place to purchase a home in Washington State…
To find the most affordable places to buy a home, SmartAsset considered closing costs, real estate taxes, homeowner’s insurance and mortgage rates in its analysis. And, drum-roll please, Ephrata is number 1!
The average annual monthly mortgage payment in Ephrata is $567.83 a month. As a result, the affordability index came out to 45.02. And, Quincy ranked 6th on SmartAsset’s list with an affordability index of 41.73. The average monthly mortgage payment in Quincy is actually less than Ephrata at $542.25.
West Richland, Finley and Union Gap were ranked in the top five by SmartAsset. For more on this survey, go to SmartAsset’s website.