Nantucket is
NOT
for sale
dedicated to preserving Nantucket’s unique character and quality of life by limiting the impacts of over-commercialization and unrestricted growth on our idyllic island
Nantucket is not for sale
Nantucket is rapidly changing as billionaires, corporations and realtors are buying and selling the island to suit their own interests. The average home price is up 24% over the last year to $4.4 million and the cost of living is 257.5% higher than the national average. This is the result of the over-commercialization and unrestrained growth of this idyllic island.
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For our island
Island Facts
According to a 2015 study, Nantucket had 11,650 housing units: 64 percent seasonal and 36 percent year-round. The median home price on Nantucket is $1.2M, yet the median family income is $92,800. Homeownership is prohibitive for 90 percent of the island’s year-round households. Things have NOT really changed as household income has only by $24,000.
Nantucket County’s population grew 42.6% from the 10,165 people who lived there in 2010 to the 14,491 (2021) who live there now. For comparison, the population in the US grew 7.3% and the population in Massachusetts grew 6.4% during that period.
In 2021, Nantucket County was more diverse than it was in 2010. In 2021, the white (non-Hispanic) group made up 70.9% of the population compared with 81% in 2010.
Between 2010 and 2021, the share of the population that is Hispanic/Latino grew the most, increasing 6 percentage points to 15.5%. The white (non-Hispanic) population had the largest decrease dropping 10.1 percentage points to 70.9%.
Among six age groups — 0 to 4, 5 to 19, 20 to 34, 35 to 49, 50 to 64, and 65 and older — the 65+ group was the fastest growing between 2010 and 2021 with its population increasing 86.6%.
Housing Crisis
On Nantucket the average home price up 24 percent in the last year to $4.4 million. The median price is $3.1 million.
Nearly 1,000 families earning less than $100,000 annually are leaving the Cape every year.