South Dakota vs Tennessee: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between South Dakota and Tennessee. Updated for 2026.
Metric
South Dakota
Tennessee
Median Home Price
$295K
$340K
Property Tax Rate
1.22%
0.56%
Avg Closing Costs
$2K
$5K
Closing Cost %
0.7%
1.5%
Transfer Tax
0.1%
0.37%
Homeowners Insurance
$2,300/yr
$2,400/yr
First-Time Buyer Program
SDHDA First-Time Homebuyer
Fixed-rate FTB loans
THDA Great Choice Home Loan
Up to $25,000 DPA
Verdict
South Dakota wins 5 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 Tennessee. Both states offer first-time buyer programs — explore the state pages for full details.