Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Connecticut and Florida. Updated for 2026.
Metric
Connecticut
Florida
Median Home Price
$405K
$395K
Property Tax Rate
2.15%
0.86%
Avg Closing Costs
$9K
$7K
Closing Cost %
2.1%
1.8%
Transfer Tax
1.25%
0.7%
Homeowners Insurance
$2,100/yr
$4,200/yr
First-Time Buyer Program
CHFA Homebuyer Mortgage
Up to $20,000 DAP loan
Florida Hometown Heroes
Up to 5% as 0% deferred loan
Verdict
Florida wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $395K and lower overall costs, Florida offers meaningful savings compared to Connecticut. Both states offer first-time buyer programs — explore the state pages for full details.