Connecticut vs New Jersey: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Connecticut and New Jersey. Updated for 2026.
Metric
Connecticut
New Jersey
Median Home Price
$405K
$505K
Property Tax Rate
2.15%
2.47%
Avg Closing Costs
$9K
$10K
Closing Cost %
2.1%
2.0%
Transfer Tax
1.25%
1%
Homeowners Insurance
$2,100/yr
$1,500/yr
First-Time Buyer Program
CHFA Homebuyer Mortgage
Up to $20,000 DAP loan
NJHMFA DPA Program
Up to $15,000 forgivable
Verdict
Connecticut and New Jersey are evenly matched across major housing cost categories. Your decision may come down to other factors like job market, climate, or lifestyle preferences. Use the calculators below to model your specific scenario.