Nantucket, MA—02554
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | $2,970,000 | -2.6% |
| Single Family | $3,270,000 | -2.0% |
| Condos | $1,214,000 | -5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $1,391,000 | -4.8% |
2 Bed | $1,745,000 | -4.5% |
3 Bed | $2,333,000 | -3.0% |
4 Bed | $3,544,000 | -1.3% |
| 5 Bed | $5,984,000 | 0.9% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Nantucket, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Nantucket, MA is 106. This is a increase of 3.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $5,950,000 | 11.0% |
Listing Count | 145 | -15.0% |
| Listings as % of Homes | 0.6% | -15.0% |
Days on Market | 106 | 3.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Nantucket, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 22.3 |
| Median Home Price | $2,970,000 |
| Median Household Income | $126,000 |