Florida vs North Carolina: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Florida and North Carolina. Updated for 2026.
Metric
Florida
North Carolina
Median Home Price
$395K
$340K
Property Tax Rate
0.86%
0.78%
Avg Closing Costs
$7K
$5K
Closing Cost %
1.8%
1.4%
Transfer Tax
0.7%
0.2%
Homeowners Insurance
$4,200/yr
$2,300/yr
First-Time Buyer Program
Florida Hometown Heroes
Up to 5% as 0% deferred loan
NC Home Advantage Mortgage
Up to 5% DPA
Verdict
North Carolina wins 6 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $340K and lower overall costs, North Carolina offers meaningful savings compared to Florida. Both states offer first-time buyer programs — explore the state pages for full details.