Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Iowa and Mississippi. Updated for 2026.
Metric
Iowa
Mississippi
Median Home Price
$210K
$175K
Property Tax Rate
1.52%
0.8%
Avg Closing Costs
$2K
$2K
Closing Cost %
1.0%
1.4%
Transfer Tax
0.16%
None
Homeowners Insurance
$1,800/yr
$2,400/yr
First-Time Buyer Program
IFA FirstHome
$2,500 grant
MHC Smart Solution
Up to $10,000 DPA
Verdict
Iowa and Mississippi 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.