Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Hawaii and Massachusetts. Updated for 2026.
Metric
Hawaii
Massachusetts
Median Home Price
$830K
$595K
Property Tax Rate
0.28%
1.2%
Avg Closing Costs
$12K
$10K
Closing Cost %
1.5%
1.6%
Transfer Tax
0.2%
0.456%
Homeowners Insurance
$1,200/yr
$2,200/yr
First-Time Buyer Program
HHFDC Hula Mae Program
Below-market rate mortgages
MassHousing DPA
Up to $50,000 DPA loan
Verdict
Hawaii wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Massachusetts 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.