Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Connecticut and Maryland. Updated for 2026.
Connecticut wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $405K and lower overall costs, Connecticut offers meaningful savings compared to Maryland. 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 $286/month — that’s $3,432/year or $103K over the life of a 30-year loan. Buying in Maryland 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 Connecticut, you need a household income of approximately $144K/year. In Maryland, you need $132K/year — less by $12K/year. The $12K difference is meaningful but manageable for dual-income households.
Home prices in Connecticut and Maryland are relatively close, with only a 4% difference ($15K). 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.
Property taxes are dramatically different: Maryland charges 1.09% while Connecticut charges 2.15%, a gap of 1.06 percentage points. On the respective median homes, this means Connecticut homeowners pay roughly $8,708 per year in property taxes versus $4,578 in Maryland. Over 30 years of homeownership, this difference alone can add up to six figures. Retirees on fixed incomes should weigh this heavily.
Both states offer down payment assistance for first-time buyers. Connecticut's CHFA Homebuyer Mortgage provides Up to $20,000 DAP loan, while Maryland's MD Mortgage Program offers Up to $25,000 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: property taxes are the defining difference here. Connecticut's 2.15% rate versus Maryland's 1.09% means Maryland homeowners save approximately $4,129 every year on taxes alone. Over a 30-year mortgage, that difference compounds into tens of thousands of dollars — making it the most important cost factor in this comparison.