Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Colorado and Florida. Updated for 2026.
Metric
Colorado
Florida
Median Home Price
$520K
$395K
Property Tax Rate
0.51%
0.86%
Avg Closing Costs
$7K
$7K
Closing Cost %
1.4%
1.8%
Transfer Tax
0.01%
0.7%
Homeowners Insurance
$3,200/yr
$4,200/yr
First-Time Buyer Program
CHFA Down Payment Assistance
Up to $25,000 second mortgage
Florida Hometown Heroes
Up to 5% as 0% deferred loan
Verdict
Colorado wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Florida 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.