Nantucket County, Massachusetts Housing Market Prices
Nantucket County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 186% above the Massachusetts median Among the 3 most expensive counties in Massachusetts$1,416,666
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Median rent 26% above the Massachusetts median Most expensive county in Massachusetts$2,213
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Nantucket County | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,416,666 | $494,523 | $248,835 |
| Price Trend (Annual %) | 3.4% | 6.6% | 7.5% |
| Median Gross Rent | $2,213 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Nantucket County is about 186% higher than in Massachusetts. Rent is about 26% higher than the Massachusetts average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Nantucket County, up about 3.4% and 4.1% a year respectively. Rent is changing faster.
Median rent in Nantucket County rose about 37.6% between 2015 and 2024, from $1,609 to $2,213. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 9.9 yearly household incomes in Nantucket County.
Buying the median-priced home in Nantucket County costs roughly 53.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Nantucket County. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Nantucket County | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,416,666 | $494,523 | $248,835 |
| Median Household Income | $142,551 | $104,336 | $80,455 |
| Price-to-Income Ratio | 9.9 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Nantucket County rose about 45.3%, while median household income rose about 61.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Nantucket County | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 29.9% | 57.5% | 58.5% |
| Rental Rate | 11.8% | 34.4% | 31.2% |
| Vacancy Rate | 58.3% | 8.1% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Nantucket County has a homeownership rate of 29.9%, lower than the Massachusetts average of 57.5%. Its housing vacancy rate is 58.3%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Nantucket County | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1984 | 1963 | 1978 |
| Median Number of Rooms | 6.3 | 5.5 | 5.5 |
The typical housing unit in Nantucket County was built around 1984. On average, 2.7 people live in a home with about 6.3 rooms, staying for about 17.0 years on average.
Nantucket County, MA Housing Compared With Nearby Counties
Nantucket County, MA is the smallest of the 6 counties compared here, 14,483 residents against a local median of 231,272. Nantucket County, MA's median home price, at $1,416,666, runs 210% above the $456,969 typical of the counties around it.
Median rent tells the same story from another angle: $2,213 against a local median of $1,678, 32% above it. The counties themselves spread $1,114,771 on median home price, so Nantucket County, MA sits at one end of an already wide local range rather than apart from it. Nantucket County, MA has the 2nd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Nantucket County, MA | 14,483 | $1,416,666 #2/6 | $2,213 #1/6 | 71.8% #4/6 |
| Barnstable County, MA | 231,272 | $446,620 | $1,678 | 81.1% |
| Dukes County, MA | 20,933 | $1,481,817 | $1,277 | 82.1% |
| Plymouth County, MA | 534,586 | $463,963 | $1,747 | 77.6% |
| Bristol County, MA | 582,104 | $367,046 | $1,244 | 62.3% |
| Newport County, RI | 84,657 | $456,969 | $1,713 | 67.9% |
Frequently Asked Questions
Common questions about the housing market in Nantucket County, Massachusetts.
What is the median home price in Nantucket County, Massachusetts?
The median home price in Nantucket County, Massachusetts is $1,416,666, higher than the Massachusetts average of $494,523.
What is the average home price in Nantucket County, Massachusetts?
The typical home price in Nantucket County, Massachusetts, reported as the median sale price, is $1,416,666. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Nantucket County, Massachusetts?
The median gross rent in Nantucket County, Massachusetts is $2,213 per month, higher than the Massachusetts average of $1,761.
What was the median gross rent in Nantucket County in 2020?
In 2020, the median gross rent in Nantucket County, Massachusetts was $1,781 per month.
What is the price-to-rent ratio in Nantucket County, Massachusetts?
The price-to-rent ratio in Nantucket County, Massachusetts is about 53.4, meaning it would take roughly 53.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Nantucket County.
Are home prices or rent rising faster in Nantucket County, Massachusetts?
Both home prices and rent are rising in Nantucket County, up about 3.4% and 4.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Nantucket County, Massachusetts?
29.9% of households in Nantucket County, Massachusetts own their home, lower than the Massachusetts average of 57.5%.
What is the vacancy rate in Nantucket County, Massachusetts?
The housing vacancy rate in Nantucket County, Massachusetts is 58.3%, higher than the Massachusetts average of 8.1%.
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