Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Delaware and Georgia. Updated for 2026.
Georgia wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $340K and lower overall costs, Georgia offers meaningful savings compared to Delaware. 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 Delaware saves you approximately $79/month ($948/year) compared to Georgia, based on median home prices with identical loan terms.
Home prices in Delaware and Georgia 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.
Delaware has a moderate property tax advantage at 0.56% versus Georgia's 0.92%. While the rate gap of 0.36% may seem small, it translates to an annual difference of approximately $1,140 when applied to each state's median home price. Over a typical homeownership period of 7-10 years, that adds up to $9K in savings.
Insurance costs favor Delaware at $1,300/year versus $2,200/year in Georgia, a difference of $900 annually. While not the largest cost factor, this adds up to over $9K over a decade of homeownership. Shop multiple carriers in either state — actual premiums depend on your specific property, coverage level, and claims history.
Closing costs are a one-time but significant expense. Delaware averages $12K in closing costs (3.3% of purchase price) while Georgia averages $5K (1.5%). Much of Delaware's higher costs come from its 4% transfer tax, which adds $14K to the median home purchase. Budget for these upfront costs — they affect how much cash you need on hand at closing.
Both states offer down payment assistance for first-time buyers. Delaware's DSHA Homeownership Loan provides Up to 5% Preferred Plus, while Georgia's Georgia Dream Homeownership offers Up to $10,000 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: Delaware and Georgia are broadly similar in housing costs, with only $79/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.