Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between New Hampshire and Virginia. Updated for 2026.
Virginia wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $400K and lower overall costs, Virginia offers meaningful savings compared to New Hampshire. Both states offer first-time buyer programs — explore the state pages for full details.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.
Buying in Virginia saves you approximately $633/month ($7,596/year) compared to New Hampshire, based on median home prices with identical loan terms.
Home prices in New Hampshire and Virginia are relatively close, with only a 7% difference ($30K). At similar price points, your decision should focus on the other cost factors: property taxes, insurance, closing costs, and the overall quality of life each state offers. Small percentage differences in tax rates compound over decades of homeownership.
Property taxes are dramatically different: Virginia charges 0.82% while New Hampshire charges 2.09%, a gap of 1.27 percentage points. On the respective median homes, this means New Hampshire homeowners pay roughly $8,987 per year in property taxes versus $3,280 in Virginia. Over 30 years of homeownership, this difference alone can add up to six figures. Retirees on fixed incomes should weigh this heavily.
Both states offer down payment assistance for first-time buyers. New Hampshire's NHHFA Home Flex Plus provides Up to $20,000 DPA, while Virginia's Virginia Housing DPA Grant offers Up to 2.5% 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.
The bottom line: property taxes are the defining difference here. New Hampshire's 2.09% rate versus Virginia's 0.82% means Virginia homeowners save approximately $5,707 every year on taxes alone. Over a 30-year mortgage, that difference compounds into tens of thousands of dollars — making it the most important cost factor in this comparison.