Colorado vs South Dakota: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Colorado and South Dakota. Updated for 2026.
Metric
Colorado
South Dakota
Median Home Price
$520K
$295K
Property Tax Rate
0.51%
1.22%
Avg Closing Costs
$7K
$2K
Closing Cost %
1.4%
0.7%
Transfer Tax
0.01%
0.1%
Homeowners Insurance
$3,200/yr
$2,300/yr
First-Time Buyer Program
CHFA Down Payment Assistance
Up to $25,000 second mortgage
SDHDA First-Time Homebuyer
Fixed-rate FTB loans
Verdict
South Dakota wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $295K and lower overall costs, South Dakota offers meaningful savings compared to Colorado. Both states offer first-time buyer programs — explore the state pages for full details.