Metropolitan Statistical Area (MSA):
Vineyard Haven, MA is a Metropolitan Statistical Area (MSA) comprising counties including Dukes County.
There is no doubt that the Vineyard Haven, MA metropolitan statistical area (MSA) is one of the most desirable places to live in the United States. The combination of its natural beauty, world-class amenities, and proximity to Boston and New York make it a highly sought-after destination for both vacationers and full-time residents alike.
As such, it should come as no surprise that the real estate market in Vineyard Haven is extremely competitive. Despite the challenges posed by the pandemic, home prices in the MSA have continued to rise steadily over the past year. According to Zillow, the median home value in Vineyard Haven is currently $1,162,100 – a 5.8% increase from last year.
Looking ahead, it is expected that demand for housing in Vineyard Haven will continue to outpace supply. This will likely lead to further increases in home values as buyers compete for a limited number of properties. If you are thinking of buying a home in Vineyard Haven, now may be the time to act before prices become even more unaffordable.