Eastmorland, Madison, WI—53714
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eastmorland, Madison, WI
As of Oct '25, the median home price in Eastmorland, Madison, WI is $364,000, with a year-over-year change of 3.4%. This indicates that home prices in Eastmorland, Madison, WI are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $364,000 | 3.4% |
| Single Family | $367,000 | 3.7% |
| Condos | $248,000 | 2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $322,000 | 5.2% |
3 Bed | $369,000 | 3.7% |
4 Bed | $408,000 | 3.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Eastmorland, Madison, WI
As of July '25, Rentcast reports the average rent in Eastmorland, Madison, WI is $1,510, with a year-over-year rent change of 4.9%. Per bedroom, the median rent as of July '25 in Eastmorland, Madison, WI is studios: $1,010, 1-bedrooms: $1,110, 2-bedrooms: $1,500, 3-bedrooms: $2,420, 4-bedrooms: $2,800. The most common rental property sizes in Eastmorland, Madison, WI are 2-bedroom and 3-bedroom, accounting for 44.6% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,380 | $1,510 |
| Studio Rent | $925 | $1,010 |
| 1 Bed Rent | $1,050 | $1,110 |
| 2 Bed Rent | $1,450 | $1,500 |
| 3 Bed Rent | $2,250 | $2,420 |
| 4 Bed Rent | $2,800 | $2,800 |
% of Rental Stock
Property Listings — Eastmorland, Madison, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Eastmorland, Madison, WI is 53. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $344,000 | -3.0% |
Listing Count | 22 | -1.0% |
| Listings as % of Homes | 0.2% | -1.0% |
Days on Market | 53 | 18.0% |
Demographics — Eastmorland, Madison, WI
As of the latest ACS Survey released in 2023, Eastmorland, Madison, WI has a population of 16,300, which has remained stable by 0.3% over the past 5 years. Eastmorland, Madison, WI is a moderately popular place for families, as children make up 16.1% of the population. The area has a moderately educated workforce, with 40.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,300 | 0.3% |
% Under 18 | 16.1% | -21.8% |
% Seniors | 17.0% | 20.6% |
% WFH | 14.4% | 300.0% |
% w/ College Degree | 40.4% | 21.3% |
As of the latest ACS Survey released in 2023, Eastmorland, Madison, WI is a predominantly white area, with 72.0% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Eastmorland, Madison, WI is black, making up 11.4% of the population. Foreign-born residents account for 6.8% of the population in Eastmorland, Madison, WI, and this percentage has decreased by 6.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 72.0% | -6.5% |
% Black | 11.4% | 26.7% |
% Hispanic | 10.4% | 28.4% |
% Asian | 2.0% | -33.3% |
% Foreign Born | 6.8% | -6.8% |
Mortgage and Risk — Eastmorland, Madison, WI
According to HUD data as of 2023, there were 407 mortgage originations in Eastmorland, Madison, WI, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Eastmorland, Madison, WI. Investor activity is low, as 3.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 407 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Eastmorland, Madison, WI
As of 2024, the percent of homes in Eastmorland, Madison, WI under the Section 8 program is 9.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Eastmorland, Madison, WI, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 278 |
Total Units Section 8 | 244 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 83.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,050 | $1,180 |
| 2 Bedroom | -$90 | $1,450 | $1,360 |
| 3 Bedroom | -$460 | $2,250 | $1,790 |
| 4 Bedroom | -$800 | $2,800 | $2,000 |
Affordability — Eastmorland, Madison, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $364,000 |
| Median Household Income | $69,900 |