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Iowa vs North Dakota:
Mortgage & Housing Costs

Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Iowa and North Dakota. Updated for 2026.

MetricIowaNorth Dakota
Median Home Price$210K$255K
Property Tax Rate1.52%0.98%
Avg Closing Costs$2K$3K
Closing Cost %1.0%1.1%
Transfer Tax0.16%None
Homeowners Insurance$1,800/yr$2,100/yr
First-Time Buyer Program
IFA FirstHome
$2,500 grant
NDHFA FirstHome
DCA up to $14,000
Verdict

Iowa wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $210K and lower overall costs, Iowa offers meaningful savings compared to North Dakota. Both states offer first-time buyer programs — explore the state pages for full details.

Explore Each State

Iowa$210K
1.52% tax · $2K closing · $1,800/yr insurance
North Dakota$255K
0.98% tax · $3K closing · $2,100/yr insurance
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