How your housing costs change when you relocate. Based on 2026 data with 10% down, 6.5% rate, 30-year fixed.
Your housing costs will increase by approximately $239 per month ($2,868/year) when you move from South Dakota to Minnesota.
If you sell your median-priced South Dakota home ($295K) and buy in Minnesota ($335K):
Your South Dakota equity covers the 20% down payment on a median Minnesota home with $22K left over. That surplus can cover closing costs, moving expenses, or go into savings.
Over 10 years, this move costs you approximately $29K in housing costs alone.
Housing costs more in Minnesota. The median home is 12% higher than in South Dakota — a $40K jump. You may need to adjust your expectations on square footage or location, or come with a larger down payment to keep your monthly costs manageable.
When you buy in Minnesota, expect about $5K in closing costs (1.4% of purchase price). This includes a 0.33% transfer tax. Budget for this amount on top of your down payment.
Minnesota's Minnesota Housing Start Up offers Up to $18,000 deferred loan. If you haven't owned a home in three years (or are buying in Minnesota for the first time), you may qualify. Check eligibility requirements and income limits on Minnesota's housing finance agency website.