"From Nantucket, MA, to Jackson, WY, small towns known for their charm and exclusivity are now experiencing skyrocketing real estate prices, rivaling major cities. A new LendingTree analysis highlights the escalating median home values in the most expensive towns: Nantucket ($1,387,000), Vineyard Haven, MA ($1,104,100), and Jackson ($954,600). Nantucket edges out San Jose's $1,342,700 median, Vineyard Haven nearly matches San Francisco's $1,113,800, and Jackson surpasses Los Angeles, where the median is $825,300, according to the study."
"The study examined towns with populations between 10,000 and 50,000, showcasing the growing price tags in these scenic destinations. Nantucket, MA, Vineyard Haven, MA, and Jackson, WY, have become some of the most expensive towns with median prices surpassing those of major cities like Los Angeles and San Jose. Tight supply and affluent buyers are driving home prices higher in these exclusive locales, maintaining their desirability and exclusivity."
Median home values in small towns with 10,000–50,000 residents have surged, with Nantucket at $1,387,000, Vineyard Haven at $1,104,100, and Jackson at $954,600. Nantucket exceeds San Jose's $1,342,700 median; Vineyard Haven nearly matches San Francisco's $1,113,800; Jackson surpasses Los Angeles' $825,300. Tight housing supply and affluent buyers are driving higher prices and preserving exclusivity. Scenic destinations and limited inventories are contributing to price escalation, making these towns comparable to or more expensive than major U.S. cities.
Read at SFGATE
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