Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Illinois and Nebraska. Updated for 2026.
Metric
Illinois
Nebraska
Median Home Price
$270K
$245K
Property Tax Rate
2.07%
1.73%
Avg Closing Costs
$5K
$3K
Closing Cost %
2.0%
1.3%
Transfer Tax
0.1%
0.23%
Homeowners Insurance
$1,900/yr
$2,800/yr
First-Time Buyer Program
IHDA 1stHomeIllinois
$7,500 forgivable loan
NIFA Homebuyer Assistance
Up to 5% DPA
Verdict
Nebraska wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $245K and lower overall costs, Nebraska offers meaningful savings compared to Illinois. Both states offer first-time buyer programs — explore the state pages for full details.