Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Rhode Island and Vermont. Updated for 2026.
Metric
Rhode Island
Vermont
Median Home Price
$425K
$380K
Property Tax Rate
1.53%
1.9%
Avg Closing Costs
$7K
$6K
Closing Cost %
1.7%
1.6%
Transfer Tax
0.46%
1.45%
Homeowners Insurance
$2,200/yr
$1,100/yr
First-Time Buyer Program
RIHousing First Homes
10K DPA forgivable
VHFA MOVE Mortgage
$5K–$15K DPA
Verdict
Vermont wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $380K and lower overall costs, Vermont offers meaningful savings compared to Rhode Island. Both states offer first-time buyer programs — explore the state pages for full details.