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Massachusetts vs South Dakota:
Mortgage & Housing Costs

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

MetricMassachusettsSouth Dakota
Median Home Price$595K$295K
Property Tax Rate1.2%1.22%
Avg Closing Costs$10K$2K
Closing Cost %1.6%0.7%
Transfer Tax0.456%0.1%
Homeowners Insurance$2,200/yr$2,300/yr
First-Time Buyer Program
MassHousing DPA
Up to $50,000 DPA loan
SDHDA First-Time Homebuyer
Fixed-rate FTB loans
Verdict

South Dakota wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $295K and lower overall costs, South Dakota offers meaningful savings compared to Massachusetts. Both states offer first-time buyer programs — explore the state pages for full details.

Explore Each State

Massachusetts$595K
1.2% tax · $10K closing · $2,200/yr insurance
South Dakota$295K
1.22% tax · $2K closing · $2,300/yr insurance
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