Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between New York and Texas. Updated for 2026.
Metric
New York
Texas
Median Home Price
$430K
$310K
Property Tax Rate
1.72%
1.8%
Avg Closing Costs
$12K
$5K
Closing Cost %
2.8%
1.7%
Transfer Tax
0.8%
None
Homeowners Insurance
$2,100/yr
$3,800/yr
First-Time Buyer Program
SONYMA Achieving the Dream
Up to $15,000 DPAL
TDHCA My First Texas Home
Up to 5% DPA grant
Verdict
Texas wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $310K and lower overall costs, Texas offers meaningful savings compared to New York. Both states offer first-time buyer programs — explore the state pages for full details.