Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Colorado and Utah. Updated for 2026.
Metric
Colorado
Utah
Median Home Price
$520K
$480K
Property Tax Rate
0.51%
0.58%
Avg Closing Costs
$7K
$6K
Closing Cost %
1.4%
1.3%
Transfer Tax
0.01%
None
Homeowners Insurance
$3,200/yr
$1,200/yr
First-Time Buyer Program
CHFA Down Payment Assistance
Up to $25,000 second mortgage
UHC FirstHome Loan
Up to 6% DPA second
Verdict
Utah wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $480K and lower overall costs, Utah offers meaningful savings compared to Colorado. Both states offer first-time buyer programs — explore the state pages for full details.