Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Indiana and South Dakota. Updated for 2026.
Metric
Indiana
South Dakota
Median Home Price
$240K
$295K
Property Tax Rate
0.84%
1.22%
Avg Closing Costs
$3K
$2K
Closing Cost %
1.1%
0.7%
Transfer Tax
None
0.1%
Homeowners Insurance
$1,700/yr
$2,300/yr
First-Time Buyer Program
IHCDA Next Home
Up to 6% DPA
SDHDA First-Time Homebuyer
Fixed-rate FTB loans
Verdict
Indiana wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $240K and lower overall costs, Indiana offers meaningful savings compared to South Dakota. Both states offer first-time buyer programs — explore the state pages for full details.