Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Florida and Georgia. Updated for 2026.
Metric
Florida
Georgia
Median Home Price
$395K
$340K
Property Tax Rate
0.86%
0.92%
Avg Closing Costs
$7K
$5K
Closing Cost %
1.8%
1.5%
Transfer Tax
0.7%
0.1%
Homeowners Insurance
$4,200/yr
$2,200/yr
First-Time Buyer Program
Florida Hometown Heroes
Up to 5% as 0% deferred loan
Georgia Dream Homeownership
Up to $10,000 DPA
Verdict
Georgia wins 5 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 Florida. Both states offer first-time buyer programs — explore the state pages for full details.