Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Connecticut and New York. Updated for 2026.
Metric
Connecticut
New York
Median Home Price
$405K
$430K
Property Tax Rate
2.15%
1.72%
Avg Closing Costs
$9K
$12K
Closing Cost %
2.1%
2.8%
Transfer Tax
1.25%
0.8%
Homeowners Insurance
$2,100/yr
$2,100/yr
First-Time Buyer Program
CHFA Homebuyer Mortgage
Up to $20,000 DAP loan
SONYMA Achieving the Dream
Up to $15,000 DPAL
Verdict
Connecticut wins 3 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $405K and lower overall costs, Connecticut offers meaningful savings compared to New York. Both states offer first-time buyer programs — explore the state pages for full details.