M
MortgageMath
Free mortgage calculators for every state

New Jersey vs North Dakota:
Mortgage & Housing Costs

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

MetricNew JerseyNorth Dakota
Median Home Price$505K$255K
Property Tax Rate2.47%0.98%
Avg Closing Costs$10K$3K
Closing Cost %2.0%1.1%
Transfer Tax1%None
Homeowners Insurance$1,500/yr$2,100/yr
First-Time Buyer Program
NJHMFA DPA Program
Up to $15,000 forgivable
NDHFA FirstHome
DCA up to $14,000
Verdict

North Dakota wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $255K and lower overall costs, North Dakota offers meaningful savings compared to New Jersey. Both states offer first-time buyer programs — explore the state pages for full details.

Explore Each State

New Jersey$505K
2.47% tax · $10K closing · $1,500/yr insurance
North Dakota$255K
0.98% tax · $3K closing · $2,100/yr insurance
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in New Jersey or North Dakota.
Rent vs Buy Calculator →
The First-Time Buyer Playbook
Free weekly guide: mortgage tips, market updates, and money-saving strategies. No spam.