First-Time Homebuyer Grant Program
Assistance grant · New construction · Income limits
Down payment assistance · Scott County
Buying a home in Elko New Market, MN
2 county programs and 8 statewide.Elko New Market has no program of its own, 2 across Scott County, and 8 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
Find my programs Free · No credit pull · 90 seconds
What’s local to Elko New Market
No program of Elko New Market’s own yet
No program run for Elko New Market alone is listed. A home in Elko New Market can use Scott County’s programs below, plus the Minnesota statewide and federal ones.
The closest city that runs its own program is Northfield, about 11 miles away. City programs usually require the home to be inside that city’s limits.
Anywhere in ScottAnywhere in Scott County
2 county programs2 county programs a Elko New Market homebuyer can use
The Elko New Market marketThe Elko New Market housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Elko New Market
- 89.6% single-familysingle-family
- 8.3% townhousetownhouse
- 0% 2–4 units2–4 units
- 2.1% 5+ unitscondo & apartment buildings (5+ units)
- 0% mobile & othermobile home & other
Condos count. All 2 of Elko New Market’s local and county programs accept condos.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Elko New Market’s homes were built
pre-19401970s2020+
12.6%
of Elko New Market homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$131,500
County area median income, 4 people (HUD)HUD area median income, Scott County, 4-person household (2026)
$152,150
Elko New Market median household incomeMedian household income in Elko New Market (Census, 2024)
13 of the 72 programs here set their income limit as a share of Scott County’s area median income, adjusted for household size. See the published limits for Scott County
Free help nearbyFree help near Elko New Market
Free help from a HUD-approved housing counselorFree help from a HUD-approved housing counselor
2 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 2 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
Find my counselor
Free account → 90-second match → your counselors · Sign in
Across Minnesota and nationwide
70 statewide & federal programs8 statewide programs, plus federal options
Elko New Market questions
Does Elko New Market have its own down payment program?
No program run for Elko New Market alone is listed. A home in Elko New Market can use the 2 programs that cover Scott County and the 8 statewide programs. Each program’s own site has the current terms.
Can I use assistance on a condo in Elko New Market?
All 2 of Elko New Market’s local and county programs accept condos. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Scott County?
Each program sets its own. 13 of the programs here set theirs as a share of HUD’s area median income for Scott County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Elko New Market?
HUD-approved housing counseling agencies teach homebuyer classes. Create a free account and take the 90-second match to see the ones near you.
Nearby in Scott
Sources
Sources: agency sites (June–August 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (June–August 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.