Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Florida and Rhode Island. Updated for 2026.
Metric
Florida
Rhode Island
Median Home Price
$395K
$425K
Property Tax Rate
0.86%
1.53%
Avg Closing Costs
$7K
$7K
Closing Cost %
1.8%
1.7%
Transfer Tax
0.7%
0.46%
Homeowners Insurance
$4,200/yr
$2,200/yr
First-Time Buyer Program
Florida Hometown Heroes
Up to 5% as 0% deferred loan
RIHousing First Homes
10K DPA forgivable
Verdict
Florida and Rhode Island are evenly matched across major housing cost categories. Your decision may come down to other factors like job market, climate, or lifestyle preferences. Use the calculators below to model your specific scenario.