Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Alaska and Maine. Updated for 2026.
Metric
Alaska
Maine
Median Home Price
$350K
$350K
Property Tax Rate
1.19%
1.3%
Avg Closing Costs
$6K
$5K
Closing Cost %
1.8%
1.5%
Transfer Tax
None
0.44%
Homeowners Insurance
$1,400/yr
$1,300/yr
First-Time Buyer Program
AHFC First-Time Homebuyer
Tax-exempt mortgage bonds
MaineHousing First Home
$5,000 Advantage grant
Verdict
Maine wins 3 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $350K and lower overall costs, Maine offers meaningful savings compared to Alaska. Both states offer first-time buyer programs — explore the state pages for full details.