Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Minnesota and Nebraska. Updated for 2026.
Metric
Minnesota
Nebraska
Median Home Price
$335K
$245K
Property Tax Rate
1.12%
1.73%
Avg Closing Costs
$5K
$3K
Closing Cost %
1.4%
1.3%
Transfer Tax
0.33%
0.23%
Homeowners Insurance
$2,100/yr
$2,800/yr
First-Time Buyer Program
Minnesota Housing Start Up
Up to $18,000 deferred 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 Minnesota. Both states offer first-time buyer programs — explore the state pages for full details.