98823 — Ephrata, WA Home Values
Typical home value $317,839 as of June 2026 · 6th of 11 in Moses Lake, WA
Blue: typical home value (Zillow ZHVI) in ZIP code 98823, June 2021 to June 2026. This page shows observed data only; no forecast.
How 98823 compares in the Moses Lake, WA area
ZIP code 98823 (Ephrata, WA) has a typical home value of $317,839 as of June 2026, ranking 6th of 11 ZIP codes tracked in the Moses Lake, WA area, more expensive than about 55% of ZIP codes in the metro. Prices here have moved +1.0% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +25.2%, from $253,794 in June 2021 to $317,839 in June 2026. Against observed rent, the typical home here sells for 20.8× the annual rent ($1,275/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Moses Lake, WA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Moses Lake.
Population and demographics
ZIP code 98823 has a population of 12,661, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 66.1% White, 27.1% Hispanic or Latino, 4.9% two or more races, 0.7% Black or African American, 0.5% American Indian or Alaska Native, 0.4% another race, and 0.3% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Grant Elementary | 451 3RD NW, EPHRATA, WA | 3.9 mi |
| Parkway School | 1011 PARKWAY BLVD, EPHRATA, WA | 3.9 mi |
| Ephrata High School | 333 4TH AVE NW, EPHRATA, WA | 4 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 98823?
$317,839 as of June 2026, the latest month Zillow has published observed data for.
Is 98823 an expensive ZIP code in the Moses Lake, WA area?
98823 ranks 6th of 11 ZIP codes in the Moses Lake, WA area by typical home value, more expensive than about 55% of ZIP codes in the metro.
How much have home values in 98823 changed over the past year?
+1.0% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 98823?
The typical home price is 20.8× the observed annual rent in this ZIP code ($1,275/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 98823?
12,661, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 98823?
Grant Elementary (3.9 mi), Parkway School (3.9 mi), Ephrata High School (4 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 98823?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Moses Lake, WA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.