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Massachusetts vs Texas:
Mortgage & Housing Costs

Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Massachusetts and Texas. Updated for 2026.

MetricMassachusettsTexas
Median Home Price$595K$310K
Property Tax Rate1.2%1.8%
Avg Closing Costs$10K$5K
Closing Cost %1.6%1.7%
Transfer Tax0.456%None
Homeowners Insurance$2,200/yr$3,800/yr
First-Time Buyer Program
MassHousing DPA
Up to $50,000 DPA loan
TDHCA My First Texas Home
Up to 5% DPA grant
Verdict

Massachusetts and Texas 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.

Monthly Payment Comparison

Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.

Massachusetts
Home Price$595,000
Down Payment (10%)$59,500
Loan Amount$535,500
Monthly P&I$3,385
Monthly Property Tax$595
Monthly Insurance$183
Monthly PMI$223
Total PITI$4,386/mo
Annual property tax: $7,140
Texas
Home Price$310,000
Down Payment (10%)$31,000
Loan Amount$279,000
Monthly P&I$1,763
Monthly Property Tax$465
Monthly Insurance$317
Monthly PMI$116
Total PITI$2,661/mo
Annual property tax: $5,580

Buying in Texas saves you approximately $1,725/month ($20,700/year) compared to Massachusetts, based on median home prices with identical loan terms.

Which State Is Right for You?

Texas offers meaningfully lower home prices than Massachusetts, with median prices running 48% less ($285K difference). This gap translates to both a smaller loan and lower monthly payments. First-time buyers priced out of Massachusetts may find Texas far more accessible, particularly when combined with local down payment assistance programs.

Massachusetts has a moderate property tax advantage at 1.2% versus Texas's 1.8%. While the rate gap of 0.60% may seem small, it translates to an annual difference of approximately $1,560 when applied to each state's median home price. Over a typical homeownership period of 7-10 years, that adds up to $12K in savings.

Homeowners insurance is significantly cheaper in Massachusetts ($2,200/year) compared to Texas ($3,800/year). That's an extra $1,600 per year — or $133/month — eating into your budget in Texas. Texas's high insurance costs are often driven by severe weather risks (hurricanes, tornadoes, or wildfires), which also affect availability of coverage.

Closing costs are a one-time but significant expense. Massachusetts averages $10K in closing costs (1.6% of purchase price) while Texas averages $5K (1.7%). The difference is spread across title insurance, attorney fees, and recording costs rather than a single large tax. 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. Massachusetts's MassHousing DPA provides Up to $50,000 DPA loan, while Texas's TDHCA My First Texas Home offers Up to 5% DPA grant. 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.

Key Takeaway

The bottom line: Texas homes cost $285K less than Massachusetts on average. That translates to roughly $1,725 less per month in total housing costs if you choose Texas. For most buyers, this price gap is the single biggest factor — it affects your loan size, monthly payment, and how quickly you build equity.

Compare Other States

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