Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Delaware and New Mexico. Updated for 2026.
Metric
Delaware
New Mexico
Median Home Price
$355K
$280K
Property Tax Rate
0.56%
0.8%
Avg Closing Costs
$12K
$4K
Closing Cost %
3.3%
1.4%
Transfer Tax
4%
None
Homeowners Insurance
$1,300/yr
$1,900/yr
First-Time Buyer Program
DSHA Homeownership Loan
Up to 5% Preferred Plus
MFA First Home
FIRSTDown DPA assistance
Verdict
New Mexico wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $280K and lower overall costs, New Mexico offers meaningful savings compared to Delaware. Both states offer first-time buyer programs — explore the state pages for full details.