Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between North Dakota and South Carolina. Updated for 2026.
North Dakota wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $255K and lower overall costs, North Dakota offers meaningful savings compared to South Carolina. 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 North Dakota saves you approximately $282/month ($3,384/year) compared to South Carolina, based on median home prices with identical loan terms.
Home prices in North Dakota and South Carolina are relatively close, with only a 16% difference ($50K). 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.
South Carolina has a moderate property tax advantage at 0.57% versus North Dakota's 0.98%. While the rate gap of 0.41% may seem small, it translates to an annual difference of approximately $761 when applied to each state's median home price. Over a typical homeownership period of 7-10 years, that adds up to $6K in savings.
Both states offer down payment assistance for first-time buyers. North Dakota's NDHFA FirstHome provides DCA up to $14,000, while South Carolina's SC Housing Palmetto Home offers Up to $8,000 forgivable. 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 South Carolina are broadly similar in housing costs, with only $282/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.