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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Nantucket, MA Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Nantucket, MA Housing Market Trends

With a population of 14,421, 4,659 total housing units (homes and apartments), and a median house value of $1,979,751, Nantucket house prices are not only among the most expensive in Massachusetts, Nantucket 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 Nantucket, accounting for 84.46% of the town's housing units. Other types of housing that are prevalent in Nantucket include duplexes, homes converted to apartments or other small apartment buildings ( 6.56%), row houses and other attached homes ( 5.53%), and a few large apartment complexes or high rise apartments ( 2.79%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nantucket. Owner-occupied housing accounts for 69.68% of Nantucket's homes, and 52.29% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Nantucket 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 Nantucket built between 2000 and later ( 19.92%). A lesser amount of the housing stock also hails from before 1939 ( 18.42%). There's also some housing in Nantucket built between 1940-1969 ( 12.86%).

A decent proportion of the Nantucket housing stock is seasonally occupied. That is, homes and condos in Nantucket 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 Nantucket housing market speaks to its popularity as a vacation location of choice.

Nantucket Home Appreciation Rates

In the last 10 years, Nantucket has experienced some of the highest home appreciation rates of any community in the nation. Nantucket real estate appreciated 153.77% over the last ten years, which is an average annual home appreciation rate of 9.76%, putting Nantucket in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Nantucket definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Nantucket that despite a nationwide downturn in the housing market, Nantucket real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Nantucket appreciation rates continue to be some of the highest in America, at 38.54%, which is higher than appreciation rates in 99.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Nantucket. Nantucket appreciation rates in the latest quarter were at -0.47%, which equates to an annual appreciation rate of -1.87%.

Notably, Nantucket's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Massachusetts, our data show that Nantucket's latest annual appreciation rate is higher than 90% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Nantucket differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Nantucket - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Nantucket real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$1,979,751

Nantucket, MA Home Prices
> $1,541,000
$1,156,001 - $1,541,000
$770,001 - $1,156,000
$616,001 - $770,000
$463,001 - $616,000
$308,001 - $463,000
$154,001 - $308,000
$77,001 - $154,000
$0 - $77,000
64.7%
64.7%
16.1%
16.1%
8.8%
8.8%
1.8%
1.8%
0.8%
0.8%
1.6%
1.6%
5.2%
5.2%
0.0%
0.0%
1.0%
1.0%
0% 100.0%
% of Homes
Very High

for Massachusetts

Very High

for nation

Number of Homes And Apartments:

4,659

Nantucket Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,241 / per month

Homeownership Rate

Owners
Renters
69.7%
69.7%
30.3%
30.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
62.1%
62.1%
37.9%
37.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.9%
19.9%
48.8%
48.8%
12.9%
12.9%
18.4%
18.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
84.5%
84.5%
5.5%
5.5%
6.6%
6.6%
2.8%
2.8%
0.5%
0.5%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.1%
3.1%
10.6%
10.6%
16.6%
16.6%
26.7%
26.7%
25.6%
25.6%
17.4%
17.4%
0% 100.0%
% of Homes

Popular Communities Near Nantucket, MA

Zip Codes in Nantucket, MA