Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Hawaii and Montana. Updated for 2026.
Metric
Hawaii
Montana
Median Home Price
$830K
$430K
Property Tax Rate
0.28%
0.74%
Avg Closing Costs
$12K
$6K
Closing Cost %
1.5%
1.5%
Transfer Tax
0.2%
None
Homeowners Insurance
$1,200/yr
$2,100/yr
First-Time Buyer Program
HHFDC Hula Mae Program
Below-market rate mortgages
MBOH Regular Bond Program
Up to $15,000 DPA
Verdict
Montana wins 3 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $430K and lower overall costs, Montana offers meaningful savings compared to Hawaii. Both states offer first-time buyer programs — explore the state pages for full details.