Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Florida and Montana. Updated for 2026.
Metric
Florida
Montana
Median Home Price
$395K
$430K
Property Tax Rate
0.86%
0.74%
Avg Closing Costs
$7K
$6K
Closing Cost %
1.8%
1.5%
Transfer Tax
0.7%
None
Homeowners Insurance
$4,200/yr
$2,100/yr
First-Time Buyer Program
Florida Hometown Heroes
Up to 5% as 0% deferred loan
MBOH Regular Bond Program
Up to $15,000 DPA
Verdict
Montana wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Florida has a lower total cost when combining home price, closing costs, and insurance. Both states offer first-time buyer programs — explore the state pages for full details.