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City · 10,017 residents · Nantucket County, Massachusetts

Nantucket , Massachusetts

In Nantucket, a typical home is worth $1,465,300 and typical rent is $2,228 a month. Compared with all of Nantucket County, the typical home value is 8% lower, typical household income is 6% higher, and the share of households that own their home is 9 points higher.

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  • Typical home value

    $1,465,300

    8% below the county

    161% above Massachusetts

    • Nantucket
    • County
    • Massachusetts

  • Typical rent

    $2,228a month

    About the same as the county

    26% above Massachusetts

    • Nantucket
    • County
    • Massachusetts

  • Typical household income

    $148,017a year

    6% above the county

    42% above Massachusetts

    • Nantucket
    • County
    • Massachusetts

  • Households that own their home

    81%

    9 points above the county

    18 points above Massachusetts

    • Nantucket
    • County
    • Massachusetts

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$3,187,089
9.5% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Nantucket is in Nantucket County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Nantucket County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Nantucket apart

What this place has that others do not, from public data, most unusual first.

  1. Nantucket has the 2nd highest typical home value of the 123 cities in Massachusetts with more than 5,000 people ($1,465,300).

  2. Nearby, in West Yarmouth, the typical home value is $494,600: 66% less than in Nantucket ($1,465,300).

  3. According to Zillow, in the 12 months to September 2026 the typical home value in Nantucket rose 9.5%; in Massachusetts, it rose 2.3%.

  4. Nearby, in West Yarmouth, the typical rent is $1,470: 34% less than in Nantucket ($2,228).

  5. 81% of households in Nantucket own their home, against 72% in Nantucket County.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Nantucket

What homes there are in Nantucket, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Nantucket, but it weighs less than in Nantucket County: 72% against 79%.

Year built

In Nantucket, half of the homes were built before 1981; in Nantucket County, before 1984.

In Nantucket, 74% of homes have 3 bedrooms or more, about the same as in Nantucket County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

Without a mortgage

$1,351 a month

Nantucket County: $1,295 a month

Owners with a mortgage

68%

Nantucket County: 67%

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Nantucket rose at about the same pace as in Nantucket County: 46% against 47%.

Since 2015–2019, the typical rent in Nantucket rose 26%.

To compare: typical income in Nantucket rose 34%; the home, +46%; the rent, +26%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureNantucketNantucket CountyMassachusettsUnited States
Rental vacancy Unreliable estimateUnreliable estimate3.5%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.3%3.4%
People per household 2.812.712.442.53
Drive alone 69%68%61%69%
Carpool Unreliable estimate6%7%9%
Public transit Unreliable estimateUnreliable estimate7%3%
Walk or bike 9%11%5%3%
Work from home 14%13%19%15%
Other means Unreliable estimateUnreliable estimate2%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

A household in Nantucket has 2.81 people on average, about the same as in Nantucket County (2.71).

The car rules in Nantucket: 69% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Nantucket?

A typical home costs more than the typical income allows

We start with a typical home in Nantucket, worth $1,465,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 94% of the typical household income in Nantucket, which is $148,017 a year. For that payment to be 28% of income, a household would need to earn about $495,362 a year. Note: at that price the loan is above the FHA limit for Nantucket County ($1,249,125), so FHA would not insure it; the payment is only a reference.

The calculator's FHA and conventional loan limits are those of all of Nantucket County.

Your numbers

Local data
$

Starts at the typical home value in Nantucket. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $51,286 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$11,558

at 7.18% · 30 years

Loan amount
$1,438,759
Total interest
$2,070,037
Paid off in
November 2056

Includes $24,745 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,454 a month

  • Tight

    $3,454 to $4,441 a month

  • Hard

    more than $4,441 a month

    Your payment · 94%

Compared with the typical household income in Nantucket ($148,017 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$11,558
Principal & interest$9,747
Property tax$318
Home insurance$611
FHA mortgage insurance (MIP)$884

This loan is over the FHA limit

You'd borrow $1,414,014, but the FHA limit for a one-unit home in Nantucket is $1,249,125. You'd need a bigger down payment or a different loan.

You need at least $51,286 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Nantucket and Nantucket County

Nantucket is in Nantucket County, Massachusetts. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Nantucket's own numbers

Typical home value
$1,465,300
Typical monthly rent
$2,228
Typical yearly household income
$148,017
Households that own their home
81%
Effective property tax rate
0.26%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Nantucket County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,249,125
HUD fair market rent, 2 bedrooms
$3,583
Homes in a high flood-risk zone
5.6%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Nantucket County.

Everything about Nantucket County

Buying

Buying a home in Nantucket

A typical home in Nantucket is worth $1,465,300: 8% below the county and 161% above Massachusetts. With the typical household income in Nantucket ($148,017 a year), a typical home costs 9.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Nantucket 9.9 years
  • County 11.4 years
  • Massachusetts 5.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Nantucket County

FHFA publishes no annual price index in Nantucket County. That usually happens when there are too few sales to measure it.

FHFA does not publish this index by city: these are the numbers for all of Nantucket County.

Period County Massachusetts U.S.
Last year (2025) — +3.7% +2.9%
5 years (2020–2025) — +49% +47%
10 years (2015–2025) — +87% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Nantucket next to Nantucket County, Massachusetts and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Nantucket $1,465,300
  • County $1,593,800
  • Massachusetts $562,100
  • United States $332,700
Typical monthly rent
  • Nantucket $2,228
  • County $2,213
  • Massachusetts $1,762
  • United States $1,413
Typical yearly household income
  • Nantucket $148,017
  • County $139,688
  • Massachusetts $103,960
  • United States $80,734
See the full table
Nantucket next to Nantucket County and Massachusetts
Measure Nantucket Nantucket County Massachusetts U.S.
Typical home value $1,465,300 $1,593,800 $562,100 $332,700
Typical monthly rent $2,228 $2,213 $1,762 $1,413
Typical yearly household income $148,017 $139,688 $103,960 $80,734
Households that own their home 81% 72% 63% 65%
Typical yearly property tax $3,877 $3,974 $5,992 $3,119
Effective property tax rate 0.26% 0.25% 1.07% 0.94%
Renters with high rent for their income 55% 55% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Nantucket County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Nantucket

For a typical $1,465,300 home in Nantucket, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Nantucket's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $11,558a month

    Above the FHA limit for Nantucket County ($1,249,125)
    Down payment
    $51,286
    Cash to close
    $95,245
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $884

  • Conventional, 5% down $11,054a month

    Above the conventional limit for Nantucket County ($1,249,125): it would be a "jumbo" loan
    Down payment
    $73,265
    Cash to close
    $117,224
    Rate
    7.18%
    Mortgage insurance
    PMI · $696

  • Conventional, 20% down, no PMI $8,869a month

    Least cash to close
    Down payment
    $293,060
    Cash to close
    $337,019
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $10,224a month

    Down payment
    $219,795
    Cash to close
    $263,754
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is Conventional, 20% down, no PMI.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Nantucket and for Nantucket County.

Property tax

Effective rate in Nantucket

0.26%of the home’s value each year

$3,877 a year for the typical owner in Nantucket.

  • Nantucket 0.26%
  • County 0.25%
  • Massachusetts 1.07%

What Massachusetts publishes Local senior exemption (clause 41C) (Massachusetts General Court (General Laws))

Exemptions and deadlines in Massachusetts

Flood risk in Nantucket County

FEMA does not publish these numbers by city: they are for all of Nantucket County.

Homes in the high-risk zone
5.6%
534
Of those, with NFIP insurance
56%
County Massachusetts U.S.
Homes in the high-risk zone 5.6% 3% 3.5%
Of those, with NFIP insurance 56% 50% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Nantucket

Typical rent in Nantucket is $2,228 a month: about the same as the county. In Nantucket, 55% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Nantucket County, by unit size. To pay the 2-bedroom one ($3,583 a month) without spending more than 30% of your income, you would need to earn $68.90 an hour working full time.

HUD fair market rent for all of Nantucket County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $2,495 $47.98 $99,800
1 bedroom $2,739 $52.67 $109,560
2 bedrooms $3,583 $68.90 $143,320
3 bedrooms $4,269 $82.10 $170,760
4 bedrooms $5,392 $103.69 $215,680

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Nantucket

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Nantucket is in ZIP code 02554.

For 2 bedrooms it is $3,600: $17 more than the fair market rent for Nantucket County ($3,583).

  • 02554 $3,600$4,290

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Nantucket when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Nantucket

HUD lists one building with rents for lower incomes in Nantucket.

  • Landmark House 144 Orange St, Nantucket 02554 8 low-income homes · For older adults (508) 228-6888

See all 1 buildings in Nantucket County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Nantucket

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Nantucket County. The nearest ones are below; many serve by phone or online.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Nantucket

No down payment, repair or rent-help program on our list is for Nantucket or Nantucket County. The ones below are statewide in Massachusetts: they work in Nantucket the same as in the rest of the state.

Which programs do I qualify for? All programs in Massachusetts

  • MassHousing Down Payment Assistance

    Statewide in Massachusetts

    Massachusetts state agency second mortgage for the down payment: up to $30,000 at 0% and deferred, or up to $25,000 at 2% or 3% over 15 years, for first-time buyers with eligible income. Offered by MassHousing.

    DeferredRepayable

    See the program Official page

Housing counselors near Nantucket

The HUD-approved agencies closest to the center of Nantucket, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Housing Assistance Corp.

    460 W Main St, Hyannis · 28 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 9 more
    (508) 771-5400

  • Catholic Social Services - Fall River

    1600 Bay St, Fall River · 63 miles away · Spanish

    Also serves in Portuguese.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (508) 674-4681

  • Neighborhood Housing Services of the South Shore DBA Neighborworks Housing Solutions

    422 Washington St, Quincy · 82 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (617) 770-2227

All counseling agencies in Massachusetts

Help in Spanish near Nantucket

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Nantucket

HUD lists no housing authority with an office in Nantucket County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Massachusetts Source: HUD

Cities

Nearby cities

The cities closest to Nantucket, with the typical home value.

Everything about Nantucket County Housing in Massachusetts

Neighboring counties

If Nantucket County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Nantucket.

All guides
A family walks a boardwalk trail in the forest; one of them uses a wheelchair.

Questions

Housing questions about Nantucket

Short answers with the numbers for Nantucket and all of Nantucket County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Nantucket?

The typical home value in Nantucket is $1,465,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Nantucket County it is $1,593,800.

How much does it cost to rent in Nantucket?

Typical rent in Nantucket is $2,228 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Nantucket County is $3,583.

What is the FHA loan limit in Nantucket?

Nantucket uses the FHA limit for all of Nantucket County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Nantucket?

The typical homeowner in Nantucket pays $3,877 a year, according to the U.S. Census Bureau. That is 0.26% of the home’s value; in Nantucket County, the rate is 0.25%.

Where can I find free help to buy or rent in Nantucket?

We found no HUD-approved counseling agencies with an office in Nantucket County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).