Minnesota vs Pennsylvania: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Minnesota and Pennsylvania. Updated for 2026.
Metric
Minnesota
Pennsylvania
Median Home Price
$335K
$280K
Property Tax Rate
1.12%
1.36%
Avg Closing Costs
$5K
$5K
Closing Cost %
1.4%
1.7%
Transfer Tax
0.33%
2%
Homeowners Insurance
$2,100/yr
$1,400/yr
First-Time Buyer Program
Minnesota Housing Start Up
Up to $18,000 deferred loan
PHFA Keystone Advantage
Up to $6,000 DPA
Verdict
Minnesota wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Pennsylvania has a lower total cost when combining home price, closing costs, and insurance. Both states offer first-time buyer programs — explore the state pages for full details.