HOUSING NEEDS COVENANT HOUSE PRICES FOR 2025: The Nantucket Housing Needs Covenant Program currently includes 120 properties across the island. For 2025, the Maximum Sales Price is capped at $760,278. To qualify for the program, purchasers must have a household income of $229,650 or less and unrestricted assets below $380,139. The 2025 transaction fee is $3,801, paid by the seller. The Maximum Sales Price formula takes 30% of the gross annual income of a household earning 125% of Nantucket’s Median Family income ($153,100) to determine an affordable monthly housing payment. This monthly payment is used to back into a mortgage with 90% financing. For more information: Covenant House Pricing 2025