Colorado vs Massachusetts: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Colorado and Massachusetts. Updated for 2026.
Metric
Colorado
Massachusetts
Median Home Price
$520K
$595K
Property Tax Rate
0.51%
1.2%
Avg Closing Costs
$7K
$10K
Closing Cost %
1.4%
1.6%
Transfer Tax
0.01%
0.456%
Homeowners Insurance
$3,200/yr
$2,200/yr
First-Time Buyer Program
CHFA Down Payment Assistance
Up to $25,000 second mortgage
MassHousing DPA
Up to $50,000 DPA loan
Verdict
Colorado wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $520K and lower overall costs, Colorado offers meaningful savings compared to Massachusetts. Both states offer first-time buyer programs — explore the state pages for full details.