The typical owner-occupied home in Nantucket County is worth about $1,593,800, 2.8 times the Massachusetts median of $562,100 and 4.8 times the national median of $332,700. Owners pay a median $3,974 a year in property taxes, about 0.25% of their home's value, lower than the Massachusetts rate of 1.07%. The median household earns $139,688 a year, so the median home costs 11.4 times the median income (5.4 times for Massachusetts). 72% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Nantucket County at a glance
| Nantucket County | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $1,593,800 | $562,100 | $332,700 |
| Median property tax paid per year | $3,974 | $5,992 | $3,119 |
| Property tax as a share of value | 0.25% | 1.07% | 0.94% |
| Median household income | $139,688 | $103,960 | $80,734 |
| Homes lived in by their owners | 72% | 63% | 65% |
| Owner homes with a mortgage | 67% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $3,888 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 28.8% | 21.9% | 21.0% |
| Median rent | $2,213 | $1,762 | $1,413 |
| Rent as a share of renters' income | 31.7% | 30.9% | 30.6% |
| Median year homes were built | 1984 | 1964 | 1980 |
| Vacant homes | 58.3% | 8.1% | 10.1% |
| Population | 14,483 | 7,044,056 | 334,922,499 |
What a typical home costs per month in Nantucket County
At this week's average 30-year rate of 7.11%, buying the median Nantucket County home of $1,593,800 with 20% down costs about $9,573 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $12,485, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $410,289 for the 20%-down payment. That payment is 82% of the median Nantucket County household income of $139,688; at that income and 20% down, the 28% guideline points to a home of about $543,000.
The median rent here is $2,213 a month, so owning the median home costs about $7,360 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $318,760 |
|---|---|
| Loan amount | $1,275,040 |
| Principal and interest | $8,577 |
| Property taxes (0.25% a year) | $332 |
| Homeowners insurance (our estimate, 0.5% a year) | $664 |
| PMI | $0 |
| Total per month | $9,573 |
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| Down payment | $55,783 |
|---|---|
| Loan amount | $1,564,932 |
| Principal and interest | $10,527 |
| Property taxes (0.25% a year) | $332 |
| Homeowners insurance (our estimate, 0.5% a year) | $664 |
| FHA mortgage insurance | $961 |
| Total per month | $12,485 |
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Questions about home buying in Nantucket County
What is the median home value in Nantucket County?
About $1,593,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Nantucket County?
Homeowners pay a median $3,974 a year, which is about 0.25% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Nantucket County?
For the median home with 20% down at 7.11%, the payment is about $9,573 a month. Keeping that under 28% of gross income takes about $410,289 a year.
More about Nantucket County
- Mortgage Refinance in Nantucket County
- Debt Relief in Nantucket County
- Home Equity Loans in Nantucket County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data