Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Mississippi and Nebraska. Updated for 2026.
Metric
Mississippi
Nebraska
Median Home Price
$175K
$245K
Property Tax Rate
0.8%
1.73%
Avg Closing Costs
$2K
$3K
Closing Cost %
1.4%
1.3%
Transfer Tax
None
0.23%
Homeowners Insurance
$2,400/yr
$2,800/yr
First-Time Buyer Program
MHC Smart Solution
Up to $10,000 DPA
NIFA Homebuyer Assistance
Up to 5% DPA
Verdict
Mississippi wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $175K and lower overall costs, Mississippi offers meaningful savings compared to Nebraska. Both states offer first-time buyer programs — explore the state pages for full details.