M
MortgageMath
Free mortgage calculators for every state

Mississippi vs South Dakota:
Mortgage & Housing Costs

Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Mississippi and South Dakota. Updated for 2026.

MetricMississippiSouth Dakota
Median Home Price$175K$295K
Property Tax Rate0.8%1.22%
Avg Closing Costs$2K$2K
Closing Cost %1.4%0.7%
Transfer TaxNone0.1%
Homeowners Insurance$2,400/yr$2,300/yr
First-Time Buyer Program
MHC Smart Solution
Up to $10,000 DPA
SDHDA First-Time Homebuyer
Fixed-rate FTB loans
Verdict

Mississippi and South Dakota 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.

Explore Each State

Mississippi$175K
0.8% tax · $2K closing · $2,400/yr insurance
South Dakota$295K
1.22% tax · $2K closing · $2,300/yr insurance
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Mississippi or South Dakota.
Rent vs Buy Calculator →
The First-Time Buyer Playbook
Free weekly guide: mortgage tips, market updates, and money-saving strategies. No spam.