Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Georgia and Illinois. Updated for 2026.
Metric
Georgia
Illinois
Median Home Price
$340K
$270K
Property Tax Rate
0.92%
2.07%
Avg Closing Costs
$5K
$5K
Closing Cost %
1.5%
2.0%
Transfer Tax
0.1%
0.1%
Homeowners Insurance
$2,200/yr
$1,900/yr
First-Time Buyer Program
Georgia Dream Homeownership
Up to $10,000 DPA
IHDA 1stHomeIllinois
$7,500 forgivable loan
Verdict
Georgia wins 3 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Illinois 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.