Location: Nantucket County, MA | Metro: Nantucket County, MA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,510 |
| 1 Bedroom | $2,750 |
| 2 Bedrooms | $3,600 |
| 3 Bedrooms | $4,290 |
| 4 Bedrooms | $5,420 |
| 5 Bedrooms | $6,287 |
| 6 Bedrooms | $7,041 |
| 7 Bedrooms | $7,604 |
| 8 Bedrooms | $7,984 |
U.S. Census Bureau data (2024)
The median home value in ZIP 02564, located in Nantucket County, MA, stands at $3,154,225. This figure is nearly nine times the U.S. median value of $338,100. Comparing the HUD Fair Market Rent (FMR) for the metro area of $3,140 against the market rent, which is primarily for one-bedroom apartments at $1,000+ per month, it's evident that voucher tenants can generally cashflow at the FMR. However, this is contingent upon the specific unit type and location within the ZIP code.
The rent-to-price ratio, derived from the median home value, suggests that rental properties in ZIP 02564 offer a strong investment opportunity. For instance, a one-bedroom apartment priced at $1,000+ monthly would represent a significant portion of the overall property value, making it financially viable for landlords and small-portfolio investors.
While specific data on the days on market (DOM) and the percentage of price-cut shares are not available, the high median home value indicates a robust real estate market. The historical appreciation rate in ZIP 02564 has been notably higher than the national average, increasing by 15.71% compared to the 8.27% across the United States. This trend underscores the potential for long-term capital appreciation.
The strongest investor angle in ZIP 02564 is likely appreciation, given the historical trends and the high median home value. Investors should focus on acquiring properties that align with the local market conditions and benefit from the area's unique economic and demographic factors.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.