New Hampshire vs New Jersey: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between New Hampshire and New Jersey. Updated for 2026.
Metric
New Hampshire
New Jersey
Median Home Price
$430K
$505K
Property Tax Rate
2.09%
2.47%
Avg Closing Costs
$7K
$10K
Closing Cost %
1.6%
2.0%
Transfer Tax
1.5%
1%
Homeowners Insurance
$1,400/yr
$1,500/yr
First-Time Buyer Program
NHHFA Home Flex Plus
Up to $20,000 DPA
NJHMFA DPA Program
Up to $15,000 forgivable
Verdict
New Hampshire wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $430K and lower overall costs, New Hampshire offers meaningful savings compared to New Jersey. Both states offer first-time buyer programs — explore the state pages for full details.