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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Nantucket, MA Housing Affordability Index

Nantucket, Massachusetts has an MBR Housing Affordability Index score of 61.3 (Significantly Less Affordable) as of October 30, 2026, ranking 185th most affordable of 193 scored Massachusetts cities, compared with 76.0 statewide and 97.4 nationally. On a median-priced $1,465,300 home with 20% down, the Massachusetts average 30-year fixed rate of 7.10% means a monthly principal and interest payment of about $7,879, or 64% of the city’s $148,017 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Nantucket is updated every night from live Massachusetts mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Nantucket MBR-HAI 61.3 Significantly Less Affordable
Rank in Massachusetts 185 of 193 1 = most affordable
Massachusetts 76.0 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.10% Massachusetts lenders
Median home value $1,465,300 U.S. Census Bureau

Nantucket is 14.7 points below the Massachusetts score. Scores as of October 30, 2026. See the Massachusetts index

View Nantucket Mortgage Rates

See What You Can Afford in Nantucket, Massachusetts

Use this Nantucket, Massachusetts home affordability calculator to see how much house you can afford at today’s Massachusetts average 30-year mortgage rate of 7.10%. A household earning the Nantucket median income of $148,017, with no other debts and $293,000 down, can afford a home of about $736,511, compared with a median home value of $1,465,300. Buying the median priced home with 20% down takes a household income of about $378,000 once property tax and insurance are counted.

Nantucket median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Massachusetts average, 30-year fixed
Nantucket median bill (Census)
Estimate; use your quote
You can afford a home up to
$736,511
Below the Nantucket median home value of $1,465,300
Loan amount$443,511
Principal & interest$2,981/mo
Property tax$166/mo
Home insurance$307/mo
PMI$0/mo
Total monthly payment$3,454/mo
Compare Nantucket Mortgage Rates

How much house can you afford in Nantucket?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Nantucket, property taxes run about 0.27% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $9,975 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Nantucket

$7,879/mo
Principal & Interest
Median home, 20% down, 7.10%
$337,700
Income Needed
To keep principal and interest at 28% of income
$148,017
Median Household Income
Massachusetts: $103,960
9.9x
Price-to-Income Ratio
Massachusetts: 5.4x
$3,144/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,950/yr
Median Property Tax
0.27% of median value
44.4%
Owner Cost Burden
Owners spending 30%+ of income on housing
50.1%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Nantucket, Massachusetts. The rate is the Massachusetts average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Nantucket Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Nantucket, Massachusetts score: 61.3 (Significantly Less Affordable), ranked 185 of 193 Massachusetts cities. monitorbankrates.com/housing-affordability-index/massachusetts/nantucket”