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Delaware vs Tennessee:
Mortgage & Housing Costs

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

MetricDelawareTennessee
Median Home Price$355K$340K
Property Tax Rate0.56%0.56%
Avg Closing Costs$12K$5K
Closing Cost %3.3%1.5%
Transfer Tax4%0.37%
Homeowners Insurance$1,300/yr$2,400/yr
First-Time Buyer Program
DSHA Homeownership Loan
Up to 5% Preferred Plus
THDA Great Choice Home Loan
Up to $25,000 DPA
Verdict

Tennessee wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $340K and lower overall costs, Tennessee 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
Tennessee$340K
0.56% tax · $5K closing · $2,400/yr insurance
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