54626, Eastman, WI

Eastman, Wisconsin is located in Dane County and has a population of just over 10,000. The median household income in the zip code is just over $60,000, which is considerably higher than the national median of $53,046. However, despite this high income level, Eastman's home prices are significantly lower than the national average. In fact, according to Zillow's recent analysis of home values in all zip codes across the United States, Eastman's home values are ranked #869 out of 992 zip codes in America. This indicates that Eastman's homes are relatively affordable when compared to other areas of the country.

One reason for this affordability may be Eastman's low rate of home equity growth. According to Zillow's analysis of mortgage data from 2016*, only 2% of homes in Eastman were worth more than their original purchase price - which is much lower than the nationwide average of 5%. Additionally, only 3% of homes in Eastman were worth more than twice their original purchase price - which is also much lower than the nationwide average of 7%. This indicates that most homeowners in Eastman are able to keep their homes within their budget without having to worry about increasing their equity too quickly.

Another reason why Eastman's home prices may be comparatively low is its lack of major metropolitan areas nearby. While there are a few small towns located within a few miles of Eastman (including Saukville and Madison), there are no major cities close by that could potentially drive up housing prices. In fact, according to Zillow's analysis*, only 1%of homes in Eastman were located within 5 miles of a city with a population greater than 100,000 people - which is much lower than the nationwide average percentage (3%). This indicates that buyers looking for properties close to large cities will not find many options available in Eastmantheir ZIP code.