Nantucket County, Massachusetts Housing Market
In Nantucket County, Massachusetts, the median home value is $1,593,800, with a median monthly rent of $2,213. This places Nantucket County at #2 nationally out of 3134 counties by median home value, and #1 within Massachusetts.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2021
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,560
- Establishments: 1,350
- BLS QCEW, 2025
Housing Supply
- Single-family: 203
- Multi-family: 47
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,603 (avg $220,836)
- Outflow: 6,039 (avg $177,476)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Nantucket County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 02554 | 219.9 | +4.44% | 2021 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Nantucket County Compares
| Metric | Nantucket County | Massachusetts Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $1,593,800 | $634,257 | $227,706 |
| Median Gross Rent | $2,213 | $1,615 | $968 |
| Owner Occupancy Rate | 71.8% | 67.2% | 73.3% |
| Price/Rent Ratio | 60.0 | 32.3 | 18.7 |
Market Analysis
The median home value in Nantucket County is 151.3% above the Massachusetts state average and 599.9% above the U.S. national average. The median rent of $2,213/month is 37.0% above the state average.
With a price-to-rent ratio of 60.0, Nantucket County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Nantucket County has an owner-occupancy rate of 71.8%, compared to 67.2% in Massachusetts and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| San Mateo County | California | $1,559,600 | $2,922 |
| Teton County | Wyoming | $1,633,900 | $1,904 |
| Marin County | California | $1,507,300 | $2,668 |
| Santa Clara County | California | $1,490,600 | $2,857 |
| San Francisco County | California | $1,394,500 | $2,476 |
Other Counties in Massachusetts
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Dukes County | $1,165,800 | $1,277 | 82.1% |
| Middlesex County | $727,800 | $2,201 | 61.3% |
| Suffolk County | $705,800 | $2,129 | 36.5% |
| Norfolk County | $683,900 | $2,149 | 68.7% |
| Barnstable County | $629,000 | $1,678 | 81.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).