The housing market in Nantucket, MA is one of the most expensive in the United States. The median value for a house in Nantucket is $2,497,800, compared to the US median value of $338,100. In addition to its high average house price, Nantucket has seen a greater appreciation rate over the past year than most areas of the US; with a 1 year house appreciation of 15.71%, compared to 8.27% nationally. This demonstrates that buying property in this area proves to be an excellent investment opportunity for those looking for lucrative returns on their investments.
The median home cost in Nantucket is $2,497,800. Home appreciation the last 10 years has been 102.5%. Home Appreciation in Nantucket is up 23.0%.
Average Age of Homes
- The median age of Nantucket real estate is 32 years old
The Rental Market in Nantucket
- Renters make up 12.2% of the Nantucket population
- 0.8% of houses and apartments in Nantucket, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.