Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Maine and Massachusetts. Updated for 2026.
Metric
Maine
Massachusetts
Median Home Price
$350K
$595K
Property Tax Rate
1.3%
1.2%
Avg Closing Costs
$5K
$10K
Closing Cost %
1.5%
1.6%
Transfer Tax
0.44%
0.456%
Homeowners Insurance
$1,300/yr
$2,200/yr
First-Time Buyer Program
MaineHousing First Home
$5,000 Advantage grant
MassHousing DPA
Up to $50,000 DPA loan
Verdict
Maine wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $350K and lower overall costs, Maine offers meaningful savings compared to Massachusetts. Both states offer first-time buyer programs — explore the state pages for full details.