Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 5,822, 2,724 total housing units (homes and apartments), and a median house value of $929,286, Eastham house prices are not only among the most expensive in Massachusetts, Eastham real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Eastham, accounting for 93.99% of the town's housing units. Other types of housing that are prevalent in Eastham include duplexes, homes converted to apartments or other small apartment buildings ( 3.57%), row houses and other attached homes ( 2.44%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Eastham. Owner-occupied housing accounts for 93.18% of Eastham's homes, and 67.18% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Eastham built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Eastham built between 1940-1969 ( 31.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.06%). There's also some housing in Eastham built before 1939 ( 5.44%).
A decent proportion of the Eastham housing stock is seasonally occupied. That is, homes and condos in Eastham are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Eastham housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Eastham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.26%, which ranks in the top 50% nationwide. This equates to an annual average Eastham house appreciation rate of 6.70%.
Appreciation rates are so strong in Eastham that despite a nationwide downturn in the housing market, Eastham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Eastham appreciation rates continue to be some of the highest in America, at 9.51%, which is higher than appreciation rates in 84.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Eastham. Eastham appreciation rates in the latest quarter were at 1.98%, which equates to an annual appreciation rate of 8.15%.
Relative to Massachusetts, our data show that Eastham's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.
$929,286
for Massachusetts
for nation
2,724
$3,556 / per month