Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Connecticut and Virginia. Updated for 2026.
Metric
Connecticut
Virginia
Median Home Price
$405K
$400K
Property Tax Rate
2.15%
0.82%
Avg Closing Costs
$9K
$6K
Closing Cost %
2.1%
1.5%
Transfer Tax
1.25%
0.25%
Homeowners Insurance
$2,100/yr
$1,700/yr
First-Time Buyer Program
CHFA Homebuyer Mortgage
Up to $20,000 DAP loan
Virginia Housing DPA Grant
Up to 2.5% grant
Verdict
Virginia wins 6 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $400K and lower overall costs, Virginia offers meaningful savings compared to Connecticut. Both states offer first-time buyer programs — explore the state pages for full details.