Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Idaho and Mississippi. Updated for 2026.
Metric
Idaho
Mississippi
Median Home Price
$420K
$175K
Property Tax Rate
0.63%
0.8%
Avg Closing Costs
$6K
$2K
Closing Cost %
1.5%
1.4%
Transfer Tax
None
None
Homeowners Insurance
$1,600/yr
$2,400/yr
First-Time Buyer Program
Idaho Housing DPA
Up to 7% second mortgage
MHC Smart Solution
Up to $10,000 DPA
Verdict
Mississippi wins 3 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $175K and lower overall costs, Mississippi offers meaningful savings compared to Idaho. Both states offer first-time buyer programs — explore the state pages for full details.