Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Delaware and New Jersey. Updated for 2026.
Metric
Delaware
New Jersey
Median Home Price
$355K
$505K
Property Tax Rate
0.56%
2.47%
Avg Closing Costs
$12K
$10K
Closing Cost %
3.3%
2.0%
Transfer Tax
4%
1%
Homeowners Insurance
$1,300/yr
$1,500/yr
First-Time Buyer Program
DSHA Homeownership Loan
Up to 5% Preferred Plus
NJHMFA DPA Program
Up to $15,000 forgivable
Verdict
Delaware and New Jersey are evenly matched across major housing cost categories. Your decision may come down to other factors like job market, climate, or lifestyle preferences. Use the calculators below to model your specific scenario.