Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Minnesota and Washington. Updated for 2026.
Metric
Minnesota
Washington
Median Home Price
$335K
$580K
Property Tax Rate
1.12%
0.98%
Avg Closing Costs
$5K
$8K
Closing Cost %
1.4%
1.4%
Transfer Tax
0.33%
1.78%
Homeowners Insurance
$2,100/yr
$1,600/yr
First-Time Buyer Program
Minnesota Housing Start Up
Up to $18,000 deferred loan
WSHFC Home Advantage
Up to $10,000 DPA
Verdict
Minnesota wins 3 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $335K and lower overall costs, Minnesota offers meaningful savings compared to Washington. Both states offer first-time buyer programs — explore the state pages for full details.