Nantucket , MA — As private jets and superyachts arrive on Nantucket for the summer season, full-time residents and government officials are warning that the Massachusetts island must shake up the housing market so that the local work force can afford to live there.
Around 65 percent of the island’s nearly 12,000 housing units are occupied by seasonal residents. The median home price is around $2.5 million, according to data from the local housing agency and an island real estate brokerage.
That leaves little housing for workers on an island where a decades-long divide of the haves and have-nots has reached a tipping point, town leaders say.
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