Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Maine and Rhode Island. Updated for 2026.
Metric
Maine
Rhode Island
Median Home Price
$350K
$425K
Property Tax Rate
1.3%
1.53%
Avg Closing Costs
$5K
$7K
Closing Cost %
1.5%
1.7%
Transfer Tax
0.44%
0.46%
Homeowners Insurance
$1,300/yr
$2,200/yr
First-Time Buyer Program
MaineHousing First Home
$5,000 Advantage grant
RIHousing First Homes
10K DPA forgivable
Verdict
Maine wins 6 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 Rhode Island. Both states offer first-time buyer programs — explore the state pages for full details.