South Dakota vs Virginia: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between South Dakota and Virginia. Updated for 2026.
Metric
South Dakota
Virginia
Median Home Price
$295K
$400K
Property Tax Rate
1.22%
0.82%
Avg Closing Costs
$2K
$6K
Closing Cost %
0.7%
1.5%
Transfer Tax
0.1%
0.25%
Homeowners Insurance
$2,300/yr
$1,700/yr
First-Time Buyer Program
SDHDA First-Time Homebuyer
Fixed-rate FTB loans
Virginia Housing DPA Grant
Up to 2.5% grant
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 Virginia. Both states offer first-time buyer programs — explore the state pages for full details.