Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Florida and Kentucky. Updated for 2026.
Metric
Florida
Kentucky
Median Home Price
$395K
$210K
Property Tax Rate
0.86%
0.83%
Avg Closing Costs
$7K
$3K
Closing Cost %
1.8%
1.4%
Transfer Tax
0.7%
0.1%
Homeowners Insurance
$4,200/yr
$2,400/yr
First-Time Buyer Program
Florida Hometown Heroes
Up to 5% as 0% deferred loan
KHC Regular DAP
Up to $6,000 repayable loan
Verdict
Kentucky wins 6 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $210K and lower overall costs, Kentucky offers meaningful savings compared to Florida. Both states offer first-time buyer programs — explore the state pages for full details.