Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Hawaii and Iowa. Updated for 2026.
Metric
Hawaii
Iowa
Median Home Price
$830K
$210K
Property Tax Rate
0.28%
1.52%
Avg Closing Costs
$12K
$2K
Closing Cost %
1.5%
1.0%
Transfer Tax
0.2%
0.16%
Homeowners Insurance
$1,200/yr
$1,800/yr
First-Time Buyer Program
HHFDC Hula Mae Program
Below-market rate mortgages
IFA FirstHome
$2,500 grant
Verdict
Iowa wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $210K and lower overall costs, Iowa offers meaningful savings compared to Hawaii. Both states offer first-time buyer programs — explore the state pages for full details.