Home ownership in Ephrata, Pennsylvania has many positive aspects. One of the great benefits is its close proximity to major cities such as Philadelphia, Baltimore, and Washington D.C. Ephrata is also located within Lancaster County which offers its residents a variety of recreational activities including hiking trails, parks, and golf courses. The cost of living in Ephrata is also relatively low compared to other areas in the state.

On the downside, Ephrata can be a difficult place to buy a home due to the fact that the average home price is higher than many other parts of the state. Homeowners in Ephrata also face higher property taxes than their neighbors in other counties. Additionally, due to its close proximity to major cities, home prices in Ephrata have been steadily increasing over the past few years.