Real Estate Investing in Nantucket, Massachusetts (02554)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02554 (Nantucket, MA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 58.0% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 93.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Nantucket, MA (02554)?
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Market Analysis: 02554 Nantucket
ZIP 02554 in Nantucket, MA carries a healthy set of headwinds. Home values near $3.2M and rents of $2,826/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 02554 can be a a credible choice for hunting ground — but the discount at $3.2M reflects genuine risk that outside investors often underestimate.
Regionally, 02554 sits on the difficult end of the MA spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 02554 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 02554 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Nantucket:
Property Strategy for 02554
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $1,391,371 | $2,430 | 1.3% | +6.4% | $1,391,371 |
| 2BR | $1,745,496 | $3,140 | 1.3% | +7.9% | $872,748 |
| 3BR | $2,333,117 | $4,150 | 1.3% | +9.0% | $777,706 |
| 4BR | $3,543,689 | $5,260 | 1.1% | +9.3% | $885,922 |
| 5BR | $5,983,644 | — | — | +8.2% | $1,196,729 |
Market Trends
Home Value History (with trend line)
📊 How Does 02554 Compare?
| Metric | 02554 | Nantucket | Massachusetts |
|---|---|---|---|
| Home Value | $3,154,719 | $1,577,359 | $645,115 |
| 5-Year CAGR | 6.5% | 6.5% | 7.0% |
| Avg Rent | $2,826 | $2,826 | - |
| Cap Rate | 0.7% | 0.7% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02554 (Nantucket, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $3,154,719 |
| Monthly Rent | $2,826 |
| Price-to-Rent | 93.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.1% |
| Cap Rate | 0.7% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (0.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 02554
Population: 14,033
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 02554
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What approach is best for Nantucket, MA real estate?
The best-fit strategy in Nantucket, MA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How much should I expect to pay for a home in Nantucket, MA?
Typical homes in Nantucket, MA go for around $3.2M. The 5-year CAGR of 0.0% stable price movement.
How tight is the rental market in Nantucket, MA?
Vacancy risk in Nantucket, MA is elevated. That supports measured cash flow for typical rental holds.
Is it easy to find good tenants in Nantucket, MA?
The renter base in Nantucket, MA is reasonable for the $2,826/mo price point. Screening well and pricing to market typically yields reliable tenants.
How strong are rents in Nantucket, MA?
Investors in Nantucket, MA typically see rents near $2,826/mo per month against $3.2M home values - a solid setup for rental cash flow.
You know 02554 now. You don’t know where it ranks.
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