Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Colorado and Washington. Updated for 2026.
Metric
Colorado
Washington
Median Home Price
$520K
$580K
Property Tax Rate
0.51%
0.98%
Avg Closing Costs
$7K
$8K
Closing Cost %
1.4%
1.4%
Transfer Tax
0.01%
1.78%
Homeowners Insurance
$3,200/yr
$1,600/yr
First-Time Buyer Program
CHFA Down Payment Assistance
Up to $25,000 second mortgage
WSHFC Home Advantage
Up to $10,000 DPA
Verdict
Colorado wins 4 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 Washington. Both states offer first-time buyer programs — explore the state pages for full details.