Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between North Dakota and Ohio. Updated for 2026.
North Dakota wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Ohio has a lower total cost when combining home price, closing costs, and insurance. 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.
The monthly payment difference is $229/month — that’s $2,748/year or $82K over the life of a 30-year loan. Buying in Ohio is the more affordable option based on median home prices with identical loan terms.
Based on the 28% debt-to-income rule — your monthly housing payment should not exceed 28% of gross monthly income.
To afford the median home in North Dakota, you need a household income of approximately $83K/year. In Ohio, you need $73K/year — less by $10K/year. The $10K difference is meaningful but manageable for dual-income households.
Home prices in North Dakota and Ohio are relatively close, with only a 16% difference ($40K). At similar price points, your decision should focus on the other cost factors: property taxes, insurance, closing costs, and the overall quality of life each state offers. Small percentage differences in tax rates compound over decades of homeownership.
North Dakota has a moderate property tax advantage at 0.98% versus Ohio's 1.56%. While the rate gap of 0.58% may seem small, it translates to an annual difference of approximately $855 when applied to each state's median home price. Over a typical homeownership period of 7-10 years, that adds up to $7K in savings.
Insurance costs favor Ohio at $1,400/year versus $2,100/year in North Dakota, a difference of $700 annually. While not the largest cost factor, this adds up to over $7K over a decade of homeownership. Shop multiple carriers in either state — actual premiums depend on your specific property, coverage level, and claims history.
Both states offer down payment assistance for first-time buyers. North Dakota's NDHFA FirstHome provides DCA up to $14,000, while Ohio's OHFA Your Choice! Down Payment Assistance offers 2.5% or 5% of purchase price. 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: North Dakota and Ohio are broadly similar in housing costs, with only $229/month separating them in total PITI payments. In cases like this, your decision should be driven by lifestyle preferences — job opportunities, climate, proximity to family, and quality of life — rather than pure cost savings. Either state offers a reasonable path to homeownership.