The picture-perfect island of Nantucket sits in the open waters south of the Cape and is one of the most popular tourist destinations in Massachusetts. Home values are also quite steep on the island and are among some of the highest in the United States with median sales prices easily reaching into the millions of dollars.
Real estate website Trulia suggests property sales for the first part of 2014 showed a median sales price of $1,055,000 and that the properties for sale were listed for an average of $2,534,320. Despite these immense housing prices, just about everything in Nantucket has been on a rapid path of growth in the past several years.
Statistics repository USA cites the tiny island’s population at 7,446 as of the 2010 census. However, the incredible thing about this number is that the population growth in Nantucket grew almost 95% from 2000 to 2010. That figure means that no city in Massachusetts had faster growth during that decade.
Additionally, during that decade, the median household income grew by over 60% and the median house price grew by over 62%.
The architecture of Nantucket is incredible with rows of seaside homes that were built in the 1700s. Herman Melville was inspired to write “Moby Dick” from his experiences on Nantucket. Indeed, the city’s official website shows a beautiful town seal that features a picture of water and a whale in the center with the phrase “incorporated 1671” printed around the exterior.
When tourists think of the grand history of Massachusetts, it’s not hard to believe that they’re thinking of Nantucket, even if they’ve never been to the island. The picture-perfect lighthouse and the amazingly well-preserved homes represent people dedicated to their history and living the good life.
The Weather Channel suggests the average temperatures in Nantucket are gorgeous. Residents enjoy highs in the mid-70s during the summer and temperatures during winter days usually don’t get too far into the 30s.