Nantucket
Market InsightsNantucket /ˌnænˈtʌkɪt/ is an island about 30 miles by ferry south from Cape Cod, in the U.S. state of Massachusetts. Together with the small islands of Tuckernuck and Muskeget, it constitutes the Town of Nantucket, and the conterminous Nantucket County, which are consolidated. As of the 2010 census, the population was 10,172. Part of the town is designated the Nantucket CDP, or census-designated place. The region of Surfside on Nantucket is the southernmost settlement in Massachusetts.The name "Nantucket" is adapted from similar Algonquian names for the island, perhaps meaning "faraway land or island" or "sandy, sterile soil tempting no one".Nantucket is a tourist destination and summer colony. Due to tourists and seasonal residents, the population of the island increases to at least 50,000 during the summer months. In 2008, Forbes magazine cited Nantucket as having home values among the highest in the United States.
