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 5,824 people, 2,860 houses or apartments, and a median cost of homes of $901,346, real estate costs in Eastham are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.
Single-family detached homes are the single most common housing type in Eastham, accounting for 94.03% 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 ( 3.98%), row houses and other attached homes ( 1.98%).
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 88.84% of Eastham's homes, and 69.29% 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 ( 30.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.34%). There's also some housing in Eastham built before 1939 ( 5.76%).
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 96.09%, which ranks in the top 50% nationwide. This equates to an annual average Eastham house appreciation rate of 6.97%.
NeighborhoodScout's data show that during the latest twelve months, Eastham's appreciation rate, at 3.63%, has been at or slightly above the national average. In the latest quarter, Eastham's appreciation rate has been 2.77%, which annualizes to a rate of 11.56%.
Importantly, this makes Eastham one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Massachusetts, our data show that Eastham's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.
$901,346
for Massachusetts
for nation
2,860
$3,205 / per month