Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Minnesota and Virginia. Updated for 2026.
Metric
Minnesota
Virginia
Median Home Price
$335K
$400K
Property Tax Rate
1.12%
0.82%
Avg Closing Costs
$5K
$6K
Closing Cost %
1.4%
1.5%
Transfer Tax
0.33%
0.25%
Homeowners Insurance
$2,100/yr
$1,700/yr
First-Time Buyer Program
Minnesota Housing Start Up
Up to $18,000 deferred loan
Virginia Housing DPA Grant
Up to 2.5% grant
Verdict
Minnesota and Virginia 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.