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North Carolina vs South Dakota:
Mortgage & Housing Costs

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

MetricNorth CarolinaSouth Dakota
Median Home Price$340K$295K
Property Tax Rate0.78%1.22%
Avg Closing Costs$5K$2K
Closing Cost %1.4%0.7%
Transfer Tax0.2%0.1%
Homeowners Insurance$2,300/yr$2,300/yr
First-Time Buyer Program
NC Home Advantage Mortgage
Up to 5% DPA
SDHDA First-Time Homebuyer
Fixed-rate FTB loans
Verdict

South Dakota wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $295K and lower overall costs, South Dakota offers meaningful savings compared to North Carolina. Both states offer first-time buyer programs — explore the state pages for full details.

Explore Each State

North Carolina$340K
0.78% tax · $5K closing · $2,300/yr insurance
South Dakota$295K
1.22% tax · $2K closing · $2,300/yr insurance
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