Eastham, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Eastham, MA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Eastham Housing Market Information

With 4,915 people, 2,291 houses or apartments, and a median cost of homes of $417,095, 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 94.77% 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 ( 3.71%), row houses and other attached homes ( 1.20%).

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 83.85% of Eastham's homes, and 72.03% 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 ( 31.95%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.33%). There's also some housing in Eastham built before 1939 ( 6.42%).

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.

Eastham Home Appreciation Rates

Real estate appreciation rates in Eastham's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.13% during the period.

NeighborhoodScout's data show that during the latest twelve months, Eastham's appreciation rate, at 3.25%, has been at or slightly above the national average. In the latest quarter, Eastham's appreciation rate has been 0.10%, which annualizes to a rate of 0.41%.

Relative to Massachusetts, our data show that Eastham's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$417,095

Eastham, MA HOME PRICES

Value Range
> $1,059,000 4.1
$794,001 - $1,059,000 6.6
$530,001 - $794,000 25.8
$423,001 - $530,000 23.0
$318,001 - $423,000 25.4
$212,001 - $318,000 7.8
$106,001 - $212,000 2.4
$53,001 - $106,000 1.5
$0 - $53,000 3.4

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
8.62533692722372 38.4615384615385

Number Of Homes And Apartments:
2,291

Eastham Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
69.29% 3.10% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,493 / per month

Homeownership Rate

Homeownership
Owners 83.85
Renters 16.15
Vacant 61.21

Housing Market Details

 

Age of Homes

AGE OF Eastham HOMES
2000 or Newer 10.3
1970 - 1999 51.3
1940 - 1969 32.0
1939 or Older 6.4

Types of Homes

TYPE OF Eastham HOMES
Single-Family 94.8
Townhomes 1.2
Small Apt. Buildings 3.7
Apt. Complexes 0.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Eastham HOMES
No Bedroom 0.41
1 Bedroom 4.93
2 Bedrooms 20.18
3 Bedrooms 55.42
4 Bedrooms 16.61
5 or more bedrooms 2.46

Popular Neighborhoods in Eastham

Zip Codes in Eastham, MA