Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Idaho and Rhode Island. Updated for 2026.
Metric
Idaho
Rhode Island
Median Home Price
$420K
$425K
Property Tax Rate
0.63%
1.53%
Avg Closing Costs
$6K
$7K
Closing Cost %
1.5%
1.7%
Transfer Tax
None
0.46%
Homeowners Insurance
$1,600/yr
$2,200/yr
First-Time Buyer Program
Idaho Housing DPA
Up to 7% second mortgage
RIHousing First Homes
10K DPA forgivable
Verdict
Idaho wins 6 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $420K and lower overall costs, Idaho offers meaningful savings compared to Rhode Island. Both states offer first-time buyer programs — explore the state pages for full details.