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States with the Lowest Monthly Mortgage Payments (2026)

Your monthly mortgage payment is the number that rules your budget for the next 15 to 30 years. States with lower median home prices produce lower loan amounts, which directly translate to lower monthly principal and interest payments. Factor in property taxes and insurance, and the gap between the cheapest and most expensive states widens even further.

1
West Virginia
Median: $155KTax: 0.58%Insurance: $1,400/yr
$155,000
Median Home Price
2
Mississippi
Median: $175KTax: 0.8%Insurance: $2,400/yr
$175,000
Median Home Price
3
Arkansas
Median: $195KTax: 0.62%Insurance: $2,500/yr
$195,000
Median Home Price
4
Louisiana
Median: $195KTax: 0.55%Insurance: $3,500/yr
$195,000
Median Home Price
5
Iowa
Median: $210KTax: 1.52%Insurance: $1,800/yr
$210,000
Median Home Price
6
Kentucky
Median: $210KTax: 0.83%Insurance: $2,400/yr
$210,000
Median Home Price
7
Oklahoma
Median: $210KTax: 0.88%Insurance: $3,600/yr
$210,000
Median Home Price
8
Ohio
Median: $215KTax: 1.56%Insurance: $1,400/yr
$215,000
Median Home Price
9
Kansas
Median: $225KTax: 1.41%Insurance: $2,900/yr
$225,000
Median Home Price
10
Alabama
Median: $230KTax: 0.41%Insurance: $1,950/yr
$230,000
Median Home Price
11
Missouri
Median: $235KTax: 0.97%Insurance: $2,200/yr
$235,000
Median Home Price
12
Indiana
Median: $240KTax: 0.84%Insurance: $1,700/yr
$240,000
Median Home Price
13
Michigan
Median: $240KTax: 1.54%Insurance: $1,800/yr
$240,000
Median Home Price
14
Nebraska
Median: $245KTax: 1.73%Insurance: $2,800/yr
$245,000
Median Home Price
15
North Dakota
Median: $255KTax: 0.98%Insurance: $2,100/yr
$255,000
Median Home Price
16
Illinois
Median: $270KTax: 2.07%Insurance: $1,900/yr
$270,000
Median Home Price
17
New Mexico
Median: $280KTax: 0.8%Insurance: $1,900/yr
$280,000
Median Home Price
18
Pennsylvania
Median: $280KTax: 1.36%Insurance: $1,400/yr
$280,000
Median Home Price
19
Wisconsin
Median: $280KTax: 1.76%Insurance: $1,300/yr
$280,000
Median Home Price
20
South Dakota
Median: $295KTax: 1.22%Insurance: $2,300/yr
$295,000
Median Home Price
21
South Carolina
Median: $305KTax: 0.57%Insurance: $2,600/yr
$305,000
Median Home Price
22
Texas
Median: $310KTax: 1.8%Insurance: $3,800/yr
$310,000
Median Home Price
23
Minnesota
Median: $335KTax: 1.12%Insurance: $2,100/yr
$335,000
Median Home Price
24
Georgia
Median: $340KTax: 0.92%Insurance: $2,200/yr
$340,000
Median Home Price
25
North Carolina
Median: $340KTax: 0.78%Insurance: $2,300/yr
$340,000
Median Home Price
26
Tennessee
Median: $340KTax: 0.56%Insurance: $2,400/yr
$340,000
Median Home Price
27
Wyoming
Median: $340KTax: 0.61%Insurance: $1,800/yr
$340,000
Median Home Price
28
Alaska
Median: $350KTax: 1.19%Insurance: $1,400/yr
$350,000
Median Home Price
29
Maine
Median: $350KTax: 1.3%Insurance: $1,300/yr
$350,000
Median Home Price
30
Delaware
Median: $355KTax: 0.56%Insurance: $1,300/yr
$355,000
Median Home Price
31
Arizona
Median: $380KTax: 0.62%Insurance: $2,100/yr
$380,000
Median Home Price
32
Vermont
Median: $380KTax: 1.9%Insurance: $1,100/yr
$380,000
Median Home Price
33
Florida
Median: $395KTax: 0.86%Insurance: $4,200/yr
$395,000
Median Home Price
34
Virginia
Median: $400KTax: 0.82%Insurance: $1,700/yr
$400,000
Median Home Price
35
Connecticut
Median: $405KTax: 2.15%Insurance: $2,100/yr
$405,000
Median Home Price
36
Idaho
Median: $420KTax: 0.63%Insurance: $1,600/yr
$420,000
Median Home Price
37
Maryland
Median: $420KTax: 1.09%Insurance: $1,700/yr
$420,000
Median Home Price
38
Nevada
Median: $425KTax: 0.53%Insurance: $1,700/yr
$425,000
Median Home Price
39
Rhode Island
Median: $425KTax: 1.53%Insurance: $2,200/yr
$425,000
Median Home Price
40
Montana
Median: $430KTax: 0.74%Insurance: $2,100/yr
$430,000
Median Home Price
41
New Hampshire
Median: $430KTax: 2.09%Insurance: $1,400/yr
$430,000
Median Home Price
42
New York
Median: $430KTax: 1.72%Insurance: $2,100/yr
$430,000
Median Home Price
43
Oregon
Median: $480KTax: 0.93%Insurance: $1,400/yr
$480,000
Median Home Price
44
Utah
Median: $480KTax: 0.58%Insurance: $1,200/yr
$480,000
Median Home Price
45
New Jersey
Median: $505KTax: 2.47%Insurance: $1,500/yr
$505,000
Median Home Price
46
Colorado
Median: $520KTax: 0.51%Insurance: $3,200/yr
$520,000
Median Home Price
47
Washington
Median: $580KTax: 0.98%Insurance: $1,600/yr
$580,000
Median Home Price
48
Massachusetts
Median: $595KTax: 1.2%Insurance: $2,200/yr
$595,000
Median Home Price
49
California
Median: $785KTax: 0.73%Insurance: $2,200/yr
$785,000
Median Home Price
50
Hawaii
Median: $830KTax: 0.28%Insurance: $1,200/yr
$830,000
Median Home Price
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