Nantucket, MA 02554 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Nantucket, MA—02554

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$3,084,000

5.6% YoY Growth

Household Income

$126,000

19.2% YoY Growth

Days on Market

45

20.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$9,000

9.2% YoY Growth

1-Bed Rent

$6,500

36.8% YoY Growth

2-Bed Rent

$7,500

0.0% YoY Growth

3-Bed Rent

$10,000

11.1% YoY Growth

Home Price Trends — Nantucket, MA

Nantucket, MA lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$3,084,000	5.6%
Single Family	$3,394,000	5.8%
Condos	$1,259,000	3.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	$1,439,000	3.5%

Rental Trends — Nantucket, MA

As of July '25, Rentcast reports the average rent in Nantucket, MA is $8,790, with a year-over-year rent change of 9.2%. Per bedroom, the median rent as of July '25 in Nantucket, MA is studios: $9,000, 1-bedrooms: $6,500, 2-bedrooms: $8,750, 3-bedrooms: $10,000, 4-bedrooms: $9,250. The most common rental property sizes in Nantucket, MA are 1-bedroom and 2-bedroom, accounting for 36.2% and 26.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$9,000	$8,790
Studio Rent	$9,000	$9,000
1 Bed Rent	$6,500	$6,500
2 Bed Rent	$7,500	$8,750
3 Bed Rent	$10,000	$10,000
4 Bed Rent	$9,000	$9,250

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% of Rental Stock

Studio

8.1%

1 Bedroom

36.2%

2 Bedrooms

26.2%

3 Bedrooms

19.4%

4 Bedrooms

6.2%

5+ Bedrooms

3.8%

Property Listings — Nantucket, MA

As of May '25, Realtor.com reports that the median days on market for a home in Nantucket, MA is 115. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 2.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$4,460,000	-4.0%
Listing Count	122	-26.0%
Listings as % of Homes	0.6%	-26.0%
Days on Market	45	20.0%

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Demographics — Nantucket, MA

As of the latest ACS Survey released in 2023, Nantucket, MA has a population of 14,000, which has increased by 29.4% over the past 5 years. Nantucket, MA is a moderately popular place for families, as children make up 20.9% of the population. The area has a highly educated workforce, with 58.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,000	29.4%
% Under 18	20.9%	-0.5%
% Seniors	15.0%	10.3%
% WFH	12.0%	100.0%
% w/ College Degree	58.6%	14.9%

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As of the latest ACS Survey released in 2023, Nantucket, MA is a predominantly white area, with 68.8% of the population identifying as white. The white population has shrunk by 19.2% in the last 5 years. The second most common race or ethnicity in Nantucket, MA is hispanic, making up 16.7% of the population. Foreign-born residents account for 15.3% of the population in Nantucket, MA, and this percentage has increased by 47.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	68.8%	-19.2%
% Black	9.3%	36.8%
% Hispanic	16.7%	255.3%
% Asian	1.8%	100.0%
% Foreign Born	15.3%	47.1%

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Mortgage and Risk — Nantucket, MA

According to HUD data as of 2023, there were 284 mortgage originations in Nantucket, MA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 38.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Nantucket, MA. Investor activity is low, as 5.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	284
% Conventional Loans	99.0%
% Government Loans	1.0%
% Investor Loans	5.0%
% Second Loans	48.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Nantucket, MA

Nantucket, MA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	8
Total Units Section 8	0
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$4,070	$6,500	$2,430
2 Bedroom	-$4,660	$7,500	$2,840
3 Bedroom	-$6,580	$10,000	$3,420
4 Bedroom	-$4,230	$9,000	$4,770

Nantucket, MA—02554

Key Metrics at a Glance

Home Price Trends — Nantucket, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Nantucket, MA

% of Rental Stock

Property Listings — Nantucket, MA

Demographics — Nantucket, MA

Race and Ethnicity

Mortgage and Risk — Nantucket, MA

Mortgages

Rentals and Section 8 — Nantucket, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Nantucket, MA

Home Price to Income Ratio

Nantucket, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Siasconset

Harwich Port, MA

West Harwich, MA

Dennis, MA

Dennis, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	21.9
Median Home Price	$3,084,000
Median Household Income	$126,000

Nantucket, MA—02554

Key Metrics at a Glance

Home Price Trends — Nantucket, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Nantucket, MA

% of Rental Stock

Property Listings — Nantucket, MA

Demographics — Nantucket, MA

Race and Ethnicity

Mortgage and Risk — Nantucket, MA

Mortgages

Rentals and Section 8 — Nantucket, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Nantucket, MA

Home Price to Income Ratio

Nantucket, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Siasconset

Harwich Port, MA

West Harwich, MA

Dennis, MA

Dennis, MA

Frequently Asked Questions

What is the average home price in Nantucket, MA 02554?

How have home prices in Nantucket, MA 02554 changed over the past year?

What is the home price projection for Nantucket, MA 02554?

What are the demographics of Nantucket, MA 02554?

How long does it take homes to sell in Nantucket, MA 02554?

What is the average rent price in Nantucket, MA 02554?