Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Florida and Maine. Updated for 2026.
Metric
Florida
Maine
Median Home Price
$395K
$350K
Property Tax Rate
0.86%
1.3%
Avg Closing Costs
$7K
$5K
Closing Cost %
1.8%
1.5%
Transfer Tax
0.7%
0.44%
Homeowners Insurance
$4,200/yr
$1,300/yr
First-Time Buyer Program
Florida Hometown Heroes
Up to 5% as 0% deferred loan
MaineHousing First Home
$5,000 Advantage grant
Verdict
Maine wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $350K and lower overall costs, Maine offers meaningful savings compared to Florida. Both states offer first-time buyer programs — explore the state pages for full details.