Missouri vs South Dakota: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Missouri and South Dakota. Updated for 2026.
Metric
Missouri
South Dakota
Median Home Price
$235K
$295K
Property Tax Rate
0.97%
1.22%
Avg Closing Costs
$2K
$2K
Closing Cost %
0.9%
0.7%
Transfer Tax
None
0.1%
Homeowners Insurance
$2,200/yr
$2,300/yr
First-Time Buyer Program
MHDC First Place Loan
Up to 4% cash assistance
SDHDA First-Time Homebuyer
Fixed-rate FTB loans
Verdict
Missouri wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $235K and lower overall costs, Missouri offers meaningful savings compared to South Dakota. Both states offer first-time buyer programs — explore the state pages for full details.