Nantucket Real Estate
LIVING IN NANTUCKET
Nantucket is a somewhat small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Massachusetts. With a population of 11,399 people and five constituent neighborhoods, Nantucket is the 177th largest community in Massachusetts.
Nantucket home prices are not only among the most expensive in Massachusetts, but Nantucket real estate also consistently ranks among the most expensive in America.
With a population of 11,399, 3,722 total housing units (homes and apartments), and a median house value of $1,149,627, Nantucket house prices are not only among the most expensive in Massachusetts, Nantucket real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Nantucket, accounting for 87.22% of the town’s housing units. Other types of housing that are prevalent in Nantucket include duplexes, homes converted to apartments or other small apartment buildings ( 7.87%), row houses and other attached homes ( 2.74%), and a few large apartment complexes or high rise apartments ( 1.39%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nantucket. Owner-occupied housing accounts for 67.42% of Nantucket’s homes, and 51.87% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Nantucket built from 1970 to 1999 so parts of town may have that “Brady Bunch” look of homes popular in the ’70s and early ’80s, although some of these houses were built up through the early ’90s as well. There is also a lot of housing in Nantucket built between 2000 and later ( 21.07%). A lesser amount of the housing stock also hails from before 1939 ( 14.67%). There’s also some housing in Nantucket built between 1940-1969 ( 11.78%).
A decent proportion of the Nantucket housing stock is seasonally occupied. That is, homes and condos in Nantucket are occupied by people for a portion of the year – mainly for vacation purposes – and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Nantucket housing market speaks to its popularity as a vacation location of choice.