First-time Homebuyer Income Limits

County of Residence

Maximum Family Income
By Family Size

2 or less

3 or more

Brookings

$59.300

$68,195

Brown

$55,300

$63,595

Codington

$55,300

$63,595

Custer

$53,900

$61,985

Davison

$54,300

$62,445

Hughes

$63,100

$72,565

Lake

$54,100

 $62,215

Lincoln

$62,800

$72,220

McCook

$62,800

 $72,220

Minnehaha

$62,800

$72,220

Pennington

$53,500

$61,525

Stanley

$57,900

$66,585

Turner

$62,800

$72,220

Union

$55,700

$64,055

Yankton

$53,800

$61,870

Targeted Areas*

$63,960

$74,620

All Other Counties

$53,300

$61,295

*Parts of Bennett, Buffalo, Corson, Dewey, Jackson, Lyman, Shannon, Todd, and Ziebach Counties are considered targeted areas

Effective March 26,2007

First-time Homebuyer
Purchase Price Limits
County of Residence
Existing
New Construction
All Counties
$204,432
$204,432
Targeted Areas*
$249,862
$249,862

*Parts of Bennett, Buffalo, Corson, Dewey, Jackson, Lyman, Shannon, Todd, and Zeibach Counties are considered targeted areas.

Effective February 2, 2005