Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Alaska and Rhode Island. Updated for 2026.
Metric
Alaska
Rhode Island
Median Home Price
$350K
$425K
Property Tax Rate
1.19%
1.53%
Avg Closing Costs
$6K
$7K
Closing Cost %
1.8%
1.7%
Transfer Tax
None
0.46%
Homeowners Insurance
$1,400/yr
$2,200/yr
First-Time Buyer Program
AHFC First-Time Homebuyer
Tax-exempt mortgage bonds
RIHousing First Homes
10K DPA forgivable
Verdict
Alaska wins 5 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 Rhode Island. Both states offer first-time buyer programs — explore the state pages for full details.