M
MortgageMath
Free mortgage calculators for every state

Moving from South Dakota to Minnesota:
Housing Cost Guide

How your housing costs change when you relocate. Based on 2026 data with 10% down, 6.5% rate, 30-year fixed.

Monthly Housing Cost Change
+$239/mo

Your housing costs will increase by approximately $239 per month ($2,868/year) when you move from South Dakota to Minnesota.

Side-by-Side Comparison

South DakotaMinnesotaChange
Median Home Price$295,000$335,000+$40K
Property Tax Rate1.22%1.12%-0.10%
Monthly Tax (on median)$300$313+$13
Insurance/yr$2,300$2,100$-200
Closing Costs$2K$5K+$3K
Transfer Tax0.1%0.33%+0.23%
Est. Monthly PITI$2,280/mo$2,519/mo+$239/mo

What Your South Dakota Equity Buys in Minnesota

If you sell your median-priced South Dakota home ($295K) and buy in Minnesota ($335K):

Equity from sale (est. 30% after typical ownership)$89K
Down payment on Minnesota home (20%)$67K
Remaining equity after down payment$22K

Your South Dakota equity covers the 20% down payment on a median Minnesota home with $22K left over. That surplus can cover closing costs, moving expenses, or go into savings.

Monthly Budget Impact

South Dakota PITI
$2,280/mo
Minnesota PITI
$2,519/mo
Monthly increase$239/mo
Annual increase$2,868/yr
10-year cost$29K

Over 10 years, this move costs you approximately $29K in housing costs alone.

Key Differences to Know

Housing costs more in Minnesota. The median home is 12% higher than in South Dakota — a $40K jump. You may need to adjust your expectations on square footage or location, or come with a larger down payment to keep your monthly costs manageable.

When you buy in Minnesota, expect about $5K in closing costs (1.4% of purchase price). This includes a 0.33% transfer tax. Budget for this amount on top of your down payment.

Down Payment Assistance in Minnesota

Minnesota's Minnesota Housing Start Up offers Up to $18,000 deferred loan. If you haven't owned a home in three years (or are buying in Minnesota for the first time), you may qualify. Check eligibility requirements and income limits on Minnesota's housing finance agency website.

Explore More

The First-Time Buyer Playbook
Free weekly guide: mortgage tips, market updates, and money-saving strategies. No spam.