Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Hawaii and Virginia. Updated for 2026.
Metric
Hawaii
Virginia
Median Home Price
$830K
$400K
Property Tax Rate
0.28%
0.82%
Avg Closing Costs
$12K
$6K
Closing Cost %
1.5%
1.5%
Transfer Tax
0.2%
0.25%
Homeowners Insurance
$1,200/yr
$1,700/yr
First-Time Buyer Program
HHFDC Hula Mae Program
Below-market rate mortgages
Virginia Housing DPA Grant
Up to 2.5% grant
Verdict
Hawaii wins 3 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Virginia 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.