Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Missouri and Virginia. Updated for 2026.
Metric
Missouri
Virginia
Median Home Price
$235K
$400K
Property Tax Rate
0.97%
0.82%
Avg Closing Costs
$2K
$6K
Closing Cost %
0.9%
1.5%
Transfer Tax
None
0.25%
Homeowners Insurance
$2,200/yr
$1,700/yr
First-Time Buyer Program
MHDC First Place Loan
Up to 4% cash assistance
Virginia Housing DPA Grant
Up to 2.5% grant
Verdict
Missouri wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $235K and lower overall costs, Missouri offers meaningful savings compared to Virginia. Both states offer first-time buyer programs — explore the state pages for full details.