Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Alaska and Arizona. Updated for 2026.
Metric
Alaska
Arizona
Median Home Price
$350K
$380K
Property Tax Rate
1.19%
0.62%
Avg Closing Costs
$6K
$6K
Closing Cost %
1.8%
1.6%
Transfer Tax
None
None
Homeowners Insurance
$1,400/yr
$2,100/yr
First-Time Buyer Program
AHFC First-Time Homebuyer
Tax-exempt mortgage bonds
Home Plus AZ
Up to 5% DPA grant
Verdict
Arizona wins 3 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Alaska has a lower total cost when combining home price, closing costs, and insurance. Both states offer first-time buyer programs — explore the state pages for full details.