Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Nebraska and New Jersey. Updated for 2026.
Metric
Nebraska
New Jersey
Median Home Price
$245K
$505K
Property Tax Rate
1.73%
2.47%
Avg Closing Costs
$3K
$10K
Closing Cost %
1.3%
2.0%
Transfer Tax
0.23%
1%
Homeowners Insurance
$2,800/yr
$1,500/yr
First-Time Buyer Program
NIFA Homebuyer Assistance
Up to 5% DPA
NJHMFA DPA Program
Up to $15,000 forgivable
Verdict
Nebraska wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $245K and lower overall costs, Nebraska offers meaningful savings compared to New Jersey. Both states offer first-time buyer programs — explore the state pages for full details.