Illinois vs North Carolina: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Illinois and North Carolina. Updated for 2026.
Metric
Illinois
North Carolina
Median Home Price
$270K
$340K
Property Tax Rate
2.07%
0.78%
Avg Closing Costs
$5K
$5K
Closing Cost %
2.0%
1.4%
Transfer Tax
0.1%
0.2%
Homeowners Insurance
$1,900/yr
$2,300/yr
First-Time Buyer Program
IHDA 1stHomeIllinois
$7,500 forgivable loan
NC Home Advantage Mortgage
Up to 5% DPA
Verdict
Illinois and North Carolina 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.