Mississippi vs North Dakota: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Mississippi and North Dakota. Updated for 2026.
Metric
Mississippi
North Dakota
Median Home Price
$175K
$255K
Property Tax Rate
0.8%
0.98%
Avg Closing Costs
$2K
$3K
Closing Cost %
1.4%
1.1%
Transfer Tax
None
None
Homeowners Insurance
$2,400/yr
$2,100/yr
First-Time Buyer Program
MHC Smart Solution
Up to $10,000 DPA
NDHFA FirstHome
DCA up to $14,000
Verdict
Mississippi wins 3 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 North Dakota. Both states offer first-time buyer programs — explore the state pages for full details.