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These days, finding an affordable place to live in the Nantucket area can be challenging. Home prices in Nantucket are now at a median cost of $1,486,917, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,150/mo in Nantucket, primarily driven by the current value of real estate in the Nantucket area. In Nantucket, 26.92% of households rent, and 34.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Nantucket is $12,352 per month. Households that rent pay about 17.41% of their income on rent here. Nantucket’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Surfside, MA: higher priced homes
- Shawkemo, MA: higher priced homes
- Quaise, MA: higher priced homes
- Siasconset, MA: higher priced homes
- Quidnet, MA: higher priced homes
- Katama, MA: less expensive homes
- Edgartown, MA: less expensive homes
- Dennis Port, MA: less expensive homes
- Oak Bluffs, MA: less expensive homes
- West Dennis, MA: less expensive homes
Cities with Similar Populations
- Fredonia, NY: less expensive homes
- Sugar Grove, IL: less expensive homes
- Garden City, GA: less expensive homes
- Garden Acres, CA: less expensive homes
- Gantt, SC: less expensive homes
- Gallipolis, OH: less expensive homes
- Freeport, TX: less expensive homes
- Freeport, FL: less expensive homes
- Freeland, MI: less expensive homes
- Swanton, OH: less expensive homes
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