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Delaware vs Michigan:
Mortgage & Housing Costs

Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Delaware and Michigan. Updated for 2026.

MetricDelawareMichigan
Median Home Price$355K$240K
Property Tax Rate0.56%1.54%
Avg Closing Costs$12K$4K
Closing Cost %3.3%1.5%
Transfer Tax4%0.86%
Homeowners Insurance$1,300/yr$1,800/yr
First-Time Buyer Program
DSHA Homeownership Loan
Up to 5% Preferred Plus
MSHDA DPA
Up to $7,500 DPA
Verdict

Michigan wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $240K and lower overall costs, Michigan offers meaningful savings compared to Delaware. Both states offer first-time buyer programs — explore the state pages for full details.

Explore Each State

Delaware$355K
0.56% tax · $12K closing · $1,300/yr insurance
Michigan$240K
1.54% tax · $4K closing · $1,800/yr insurance
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