Connecticut vs Minnesota: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Connecticut and Minnesota. Updated for 2026.
Metric
Connecticut
Minnesota
Median Home Price
$405K
$335K
Property Tax Rate
2.15%
1.12%
Avg Closing Costs
$9K
$5K
Closing Cost %
2.1%
1.4%
Transfer Tax
1.25%
0.33%
Homeowners Insurance
$2,100/yr
$2,100/yr
First-Time Buyer Program
CHFA Homebuyer Mortgage
Up to $20,000 DAP loan
Minnesota Housing Start Up
Up to $18,000 deferred loan
Verdict
Minnesota wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $335K and lower overall costs, Minnesota offers meaningful savings compared to Connecticut. Both states offer first-time buyer programs — explore the state pages for full details.