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Rent To Own Homes in Nantucket, MA 02564

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Nantucket, MA Foreclosures

How much do homes sell for in Nantucket, MA?
The average home price is currently $3,826,290.
What’s the average rental cost in Nantucket, MA?
The average rental price in Nantucket is $1,931.
What is the most expensive home in Nantucket?
The most expensive home sold in Nantucket had a price of $54,631,148.
What is currently the cheapest priced home in Nantucket, MA?
The cheapest home for sale in Nantucket is priced at $19,079.

Living in Nantucket, MA

Nantucket, MA is an idyllic island destination known for its upscale charm, pristine beaches, and unique New England maritime culture. With a variety of outdoor activities, excellent dining options, and a quaint downtown area filled with boutiques and galleries, Nantucket provides a perfect escape for both residents and tourists.

Current Market Conditions in Nantucket, MA

Nantucket's real estate market is characterized by high demand and limited supply, leading to above-average home prices compared to mainland areas. Properties often sell quickly, especially during the peak summer season when visitors flood the island.

There is a trend toward luxury real estate developments and renovations of historic properties, attracting affluent buyers looking for second homes and investment opportunities. The rental market is also thriving, particularly with short-term vacation rentals.

Home Value Estimator For Nantucket, MA

There are currently 9,976 real estate properties in Nantucket, MA, with a median automated valuation model (AVM) price of $2,871,440.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Nantucket, MA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Nantucket, MA, is $3,826,290.00, with the most expensive house in Nantucket, MA, topping out at $54,631,148.00 and the cheapest home in Nantucket, MA, clocking in at $19,079.00. In other words, there’s something for every potential homebuyer or savvy investor in Nantucket, MA!

Rent Prices In Nantucket, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Nantucket, MA, is on a rollercoaster ride. The average rent price in Nantucket, MA, is $1,931.00. Indeed, when looking to rent in Nantucket, MA, you can expect to pay as little as $860.00 or as much as $2,700.00, with the average rent median estimated to be $1,940.00. The good news is that finding an affordable and desirable property to rent in Nantucket, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Nantucket, MA 02564 Rent To Own Homes

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