Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Arizona and Louisiana. Updated for 2026.
Metric
Arizona
Louisiana
Median Home Price
$380K
$195K
Property Tax Rate
0.62%
0.55%
Avg Closing Costs
$6K
$3K
Closing Cost %
1.6%
1.6%
Transfer Tax
None
None
Homeowners Insurance
$2,100/yr
$3,500/yr
First-Time Buyer Program
Home Plus AZ
Up to 5% DPA grant
LHC Resilience Soft Second
Up to $55,000 forgivable
Verdict
Louisiana wins 3 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $195K and lower overall costs, Louisiana offers meaningful savings compared to Arizona. Both states offer first-time buyer programs — explore the state pages for full details.