Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Idaho and Minnesota. Updated for 2026.
Metric
Idaho
Minnesota
Median Home Price
$420K
$335K
Property Tax Rate
0.63%
1.12%
Avg Closing Costs
$6K
$5K
Closing Cost %
1.5%
1.4%
Transfer Tax
None
0.33%
Homeowners Insurance
$1,600/yr
$2,100/yr
First-Time Buyer Program
Idaho Housing DPA
Up to 7% second mortgage
Minnesota Housing Start Up
Up to $18,000 deferred loan
Verdict
Idaho and Minnesota are evenly matched across major housing cost categories. Your decision may come down to other factors like job market, climate, or lifestyle preferences. Use the calculators below to model your specific scenario.