Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Alaska and Florida. Updated for 2026.
Metric
Alaska
Florida
Median Home Price
$350K
$395K
Property Tax Rate
1.19%
0.86%
Avg Closing Costs
$6K
$7K
Closing Cost %
1.8%
1.8%
Transfer Tax
None
0.7%
Homeowners Insurance
$1,400/yr
$4,200/yr
First-Time Buyer Program
AHFC First-Time Homebuyer
Tax-exempt mortgage bonds
Florida Hometown Heroes
Up to 5% as 0% deferred loan
Verdict
Alaska wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $350K and lower overall costs, Alaska offers meaningful savings compared to Florida. Both states offer first-time buyer programs — explore the state pages for full details.