Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Nebraska and New Hampshire. Updated for 2026.
Nebraska wins 5 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 New Hampshire. Both states offer first-time buyer programs — explore the state pages for full details.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.
Buying in Nebraska saves you approximately $1,401/month ($16,812/year) compared to New Hampshire, based on median home prices with identical loan terms.
Nebraska offers meaningfully lower home prices than New Hampshire, with median prices running 43% less ($185K difference). This gap translates to both a smaller loan and lower monthly payments. First-time buyers priced out of New Hampshire may find Nebraska far more accessible, particularly when combined with local down payment assistance programs.
Nebraska has a moderate property tax advantage at 1.73% versus New Hampshire's 2.09%. While the rate gap of 0.36% may seem small, it translates to an annual difference of approximately $4,748 when applied to each state's median home price. Over a typical homeownership period of 7-10 years, that adds up to $38K in savings.
Insurance costs favor New Hampshire at $1,400/year versus $2,800/year in Nebraska, a difference of $1,400 annually. While not the largest cost factor, this adds up to over $14K over a decade of homeownership. Shop multiple carriers in either state — actual premiums depend on your specific property, coverage level, and claims history.
Closing costs are a one-time but significant expense. New Hampshire averages $7K in closing costs (1.6% of purchase price) while Nebraska averages $3K (1.3%). Much of New Hampshire's higher costs come from its 1.5% transfer tax, which adds $6K to the median home purchase. Budget for these upfront costs — they affect how much cash you need on hand at closing.
Both states offer down payment assistance for first-time buyers. Nebraska's NIFA Homebuyer Assistance provides Up to 5% DPA, while New Hampshire's NHHFA Home Flex Plus offers Up to $20,000 DPA. These programs can significantly reduce your upfront costs and make homeownership accessible even if you haven't saved a full 20% down payment. Check eligibility requirements on each state's housing finance agency website — income limits and purchase price caps apply.
The bottom line: Nebraska homes cost $185K less than New Hampshire on average. That translates to roughly $1,401 less per month in total housing costs if you choose Nebraska. For most buyers, this price gap is the single biggest factor — it affects your loan size, monthly payment, and how quickly you build equity.