Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Nebraska and New Mexico. Updated for 2026.
Metric
Nebraska
New Mexico
Median Home Price
$245K
$280K
Property Tax Rate
1.73%
0.8%
Avg Closing Costs
$3K
$4K
Closing Cost %
1.3%
1.4%
Transfer Tax
0.23%
None
Homeowners Insurance
$2,800/yr
$1,900/yr
First-Time Buyer Program
NIFA Homebuyer Assistance
Up to 5% DPA
MFA First Home
FIRSTDown DPA assistance
Verdict
Nebraska and New Mexico 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.