How much do homeowners pay a month in Nantucket, MA?

Homeowners with a mortgage in Nantucket, MA pay a median of $3,888 (±$580) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $1,295 (±$149).

67.0% of owned homes carry a mortgage.

In Nantucket, the median monthly cost with a mortgage went from $3,316 in 2015–2019 to $3,888 in 2020–2024 (+17.2%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

With a mortgage
$3,888 (±$580)
Without a mortgage
$1,295 (±$149)
Owned with a mortgage
67.0%

Monthly owner costs in Nantucket

Median selected monthly owner costs, estimate (90% margin of error)
NantucketNantucket CountyMassachusettsUnited States
With a mortgage$3,888 (±$580)$3,888 (±$580)$2,726 (±$10)$1,963
Without a mortgage$1,295 (±$149)$1,295 (±$149)$1,043 (±$6)$638
Owned homes with a mortgage67.0% (±5.0 points)67.0% (±5.0 points)66.4% (±0.3 points)60.6%
Median real estate taxes (a year)$3,974 (±$583)$3,974 (±$583)$5,992 (±$18)$3,119

Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.

In Nantucket, the median cost with a mortgage is not measurably different from Nantucket County ($3,888).

It is also higher than in Massachusetts ($2,726).

It is higher than the national figure ($1,963).

Statewide, it ranks 30 of 350.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How owner costs in Nantucket have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median owner cost with a mortgage$3,316 (±$257)$3,888 (±$580)+17.2%No measurable change after inflation
Median real estate taxes$3,240 (±$289)$3,974 (±$583)+22.7%No measurable change after inflation
Median home value$1,084,700 (±$67,219)$1,593,800 (±$149,009)+46.9%Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median monthly cost with a mortgage in places near Nantucket

Nearest places with a published estimate, compared with Nantucket
PlaceDistanceMedian monthly cost with a mortgageCompared with this place
Nantucket—$3,888 (±$580)—
Edgartown20 mi$3,996 (±$558)Not measurably different
Chatham24 mi$2,901 (±$194)Lower
West Yarmouth26 mi$2,325 (±$534)Lower
Dennis Port26 mi$2,080 (±$358)Lower
West Dennis26 mi$2,238 (±$860)Lower
Oak Bluffs26 mi$3,297 (±$357)Not measurably different
South Yarmouth26 mi$2,077 (±$124)Lower
Harwich Port26 mi$2,168 (±$398)Lower

Nearby places with a measurably lower figure: Chatham, MA ($2,901), West Yarmouth, MA ($2,325), Dennis Port, MA ($2,080).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

The figures for Nantucket include the places inside it that have pages of their own: Nantucket (community).

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Nantucket

What is the average mortgage payment in Nantucket?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Nantucket, MA is $3,888 (±$580) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in Nantucket?

Owners without a mortgage in Nantucket pay a median of $1,295 (±$149) a month in taxes, insurance, utilities and fees.

Has the cost of owning a home in Nantucket gone up?

In Nantucket, the median monthly cost with a mortgage went from $3,316 in 2015–2019 to $3,888 in 2020–2024 (+17.2%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Nantucket town, Nantucket County, Massachusetts (county subdivision:43790, in state:25 county:019).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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