Nantucket County Real Estate and Livability Trends
Nantucket County, Massachusetts has seen a dramatic rise in average taxable income and tax liabilities, which could hint at escalating property values and investment prospects. Median home values skyrocketed from $902,500.00 in 2015 to $1,265,600.00 in 2022, suggesting strong demand and high returns, making it increasingly premium. Mortgage trends indicate significant shifts, with a peak in 2021... Read more
Nantucket County Market Trends
The housing market in Nantucket County, Massachusetts, has seen striking growth, with median home values soaring from $902,500 in 2015 to $1,265,600 in 2022, far outpacing Massachusetts' and national averages. This suggests that the area is becoming increasingly premium, possibly due to strong demand and high investment returns. In terms of residential energy tax credits, variability is evident... Read more
Median Value of Occupied Housing Units in Nantucket County, Massachusetts Over the Last 8 Years
If you're exploring investment opportunities or considering moving to Nantucket County, the trend in median home values over the last 8 years might catch your interest. Housing prices here have surged from $902,500 in 2015 to $1,265,600 in 2022. This upward trajectory significantly outpaces both Massachusetts, which rose from $333,100 to $483,900, and national figures, climbing from $125,500 to $179,400. The steep rise highlights Nantucket County as a premium market, suggesting strong demand and potentially higher returns on property investments.
Residential Energy Tax Credit Per Tax Return in Nantucket County, MA Over the Last 9 Years
Over the last nine years in Nantucket County, Massachusetts, residential energy tax credits have shown substantial fluctuations. Starting at relatively modest amounts, such as $644.44 in 2013 and $520.00 in 2014, the credit per tax return soared to $6,700.00 in 2018. Recent years also reflect significant averages, with $3,242.86 in 2019 and $3,485.71 in 2021. This variability likely indicates evolving local policies and resident adaptations to energy-efficient technologies, which may appeal to investors, real estate agents, and homeowners considering energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Nantucket County, MA Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Nantucket County, Massachusetts, have generally been on the rise. This suggests a dynamic and potentially lucrative market for investors and those considering moving to the area. From $4,408.16 in 2012 to $6,134.19 in 2021, a significant uptick can be seen, particularly post-2016, peaking in 2020 at $6,246.49. These trends could influence property valuations, insurance rates, and overall market dynamics, making it crucial for real estate agents, appraisers, and insurance agents to stay informed about such historical data.
Number of Mortgages by Occupancy Type in Nantucket County, MA Over the Last 5 Years in Nantucket County
Trends in Nantucket County, Massachusetts, show varying mortgage counts across different occupancy types in the last five years. Investment property mortgages have seen minor fluctuations, with counts hovering around the 120 to 180 range. Principal residences peaked in 2021 with 854 mortgages but dropped significantly to just 542 in 2022. Mortgages for second residences also saw a high in 2020 with 919 before decreasing to 459 in 2022. These trends might suggest shifting demographic preferences or economic conditions influencing purchase decisions. For investors and real estate agents, understanding these shifts is crucial, as they could indicate changing market demands and potential opportunities. Meanwhile, appraisers and insurance agents might find these metrics useful for evaluating property valuations and risks associated with various occupancy types.
Economic Outlook
Nantucket County, Massachusetts has seen a substantial increase in average taxable income per tax return, with figures jumping from $120,269.93 in 2020 to $173,884.66 in 2021. This could hint at rising property values and investment opportunities in the area. Meanwhile, the average state and local income taxes per tax return have more than doubled over the past decade, and total tax liability per tax return surged from $15,016.82 in 2012 to $38,555.68 in 2021. These trends suggest a robust... Read more
Average Taxable Income per Tax Return in Nantucket County, MA over the last 9 years
Nantucket County, Massachusetts has exhibited a substantial increase in average taxable income per tax return over the past nine years, culminating in a notable spike from $120,269.93 in 2020 to $173,884.66 in 2021. This upward trajectory suggests a robust economic environment and could indicate rising property values and increasing investment opportunities. For real estate agents, appraisers, insurance agents, and potential investors, this trend underscores a lucrative, high-income demographic, which is crucial for strategic planning and market analysis. Additionally, current residents and those looking to move to Nantucket might find this data reflective of an affluent community with potential for further economic growth.
Average State and Local Income Taxes Per Tax Return in Nantucket County, MA Over the Last 10 Years
Over the past decade, Nantucket County, Massachusetts, has seen a noticeable rise in average state and local income taxes per tax return. The amount has more than doubled, from around $8,608.64 in 2012 to $25,183.08 in 2021. Particularly notable is the sharp increase between 2018 and 2019, where taxes jumped from $13,951.09 to $21,874.45. This trend suggests a potentially growing local economy and escalating property values, factors that might influence decisions for investors, new residents, or real estate developers considering Nantucket County.
Average Total Tax Liability Per Tax Return in Nantucket County, MA Over the Last 10 Years
Over the past decade in Nantucket County, Massachusetts, the average total tax liability per tax return has shown a notable upward trend. In 2012, this figure stood at $15,016.82 and saw a steady increase through the years, peaking dramatically in 2021 at $38,555.68. Significant jumps are evident between 2018 and 2019, and again between 2020 and 2021. These numbers could suggest an increase in the county's wealth, making it an interesting spot for investors, property developers, and real estate professionals to keep an eye on. However, prospective residents and insurance agents might need to consider this rising tax liability when planning their future in the area.
Cost of Living in Nantucket County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $3,219 | $2,051 | $2,409 | $2,429 | $3,291 |
| 1 adult 4 children | $3,219 | $1,675 | $1,816 | $2,429 | $3,234 |
| 2 adults 3 children | $3,219 | $1,676 | $2,103 | $2,429 | $2,971 |
| 1 adult 3 children | $3,219 | $1,368 | $1,511 | $2,429 | $2,901 |
| 2 adults 2 children | $2,618 | $1,372 | $1,797 | $2,114 | $2,422 |
| 1 adult 2 children | $2,618 | $1,025 | $1,205 | $2,114 | $2,383 |
| 2 adults 1 child | $2,618 | $1,084 | $1,491 | $1,089 | $1,956 |
| 1 adult 1 child | $2,618 | $700 | $899 | $1,089 | $1,895 |
| 2 adults | $2,009 | $871 | $1,185 | $0 | $1,311 |
| 1 adult | $1,750 | $475 | $593 | $0 | $1,188 |
Safety trends & Data
Nantucket County, Massachusetts, has seen fluctuating property crime rates over the last five years. Larceny-theft incidents spiked to 56 cases in 2020, suggesting a notable increase, while vandalism peaked at 84 cases in 2018 and then markedly declined. Burglary rates have been relatively stable, averaging around 6 cases annually. These trends potentially reflect changes in vigilance, socioeconomic factors, or law enforcement efficacy and could be critical for stakeholders evaluating... Read more
Property Crime Trends in Nantucket County, MA Over the Last 5 Years
Nantucket County, Massachusetts, has experienced fluctuating property crime rates over the past five years. Notably, larceny-theft incidents spiked in 2020, reaching 56 cases, indicating a sharp increase compared to previous years. Vandalism cases peaked at 84 incidents in 2018 but saw a significant decline in subsequent years. Burglary rates have remained relatively low, averaging around 6 cases per year. These trends may suggest varying factors influencing property crimes, such as increased vigilance, socioeconomic changes, or effective law enforcement strategies. Potential stakeholders should consider these dynamics when evaluating the area for investments, relocations, or property developments.
Demographics
In Nantucket County, Massachusetts, men slightly outnumber women. There's a strong inclination towards higher education, with a notable portion holding bachelor's degrees or higher. Age distribution hints at a mature resident base, balancing working-age adults and an aging population. While predominantly White, the community also includes Black or African American and Asian residents, though some racial categories are minimally... Read more
Race Distribution in Nantucket County, Massachusetts (2022)
Educational Attainment in Nantucket County, Massachusetts (2022)
Age Distribution in Nantucket County, Massachusetts
Citizen Population in Nantucket County, Massachusetts (2022)
Political Trends & Data
Nantucket County in Massachusetts might display a considerable Democratic leaning, with around 71.42% of the 2020 U.S. Presidential Election votes potentially going to Democratic candidates and only approximately 26.08% to Republicans. This political inclination could impact local policies and development priorities, possibly influencing real estate trends in favor of community-oriented and sustainable projects, reflecting the Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Nantucket County in Massachusetts showed a strong preference for Democratic candidates in the 2020 U.S. Presidential Election, with Democrats possibly capturing around 71.42% of the vote. Meanwhile, Republican support could be around 26.08%. Libertarian and Green parties seemed to have minimal influence, securing roughly 1.10% and 0.56% respectively. Other parties might have collectively garnered about 0.83% of the votes. This trend may suggest a solid Democratic leaning in this county.
26.08% of voters voted for the Republican party in the 2020 Presidential Election
71.42% of voters voted for the Democrat party in the 2020 Presidential Election
1.10% of voters voted for the Livertarian party in the 2020 Presidential Election
0.56% of voters voted for the Green party in the 2020 Presidential Election
0.83% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Nantucket County, Massachusetts has generally decreased from 12 students per teacher in 2014 to just under 11 in 2023, suggesting a shift towards smaller class sizes and a more personalized education experience. This trend could signal a strong educational environment, which may potentially enhance property values. Real estate agents and appraisers might consider this a selling point, while insurance agents could view it as a factor in... Read more
Student-to-teacher ratio in Nantucket County, Massachusetts over the last 10 years
Over the past decade, the student-to-teacher ratio in Nantucket County, Massachusetts has generally decreased, starting from 12 students per teacher in 2014 to just under 11 in 2023. This trend suggests a shift towards smaller class sizes, which may provide a more personalized education experience compared to the national average of 14 students per teacher. For those looking to invest in property or move to the area, this could signal a strong educational environment that could enhance property values. Real estate agents and appraisers may consider this a selling point, while insurance agents might view it as a factor in community stability. For builders, it signifies potential demand for more family-oriented developments given the education-focused community.
