Illinois vs Massachusetts: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Illinois and Massachusetts. Updated for 2026.
Metric
Illinois
Massachusetts
Median Home Price
$270K
$595K
Property Tax Rate
2.07%
1.2%
Avg Closing Costs
$5K
$10K
Closing Cost %
2.0%
1.6%
Transfer Tax
0.1%
0.456%
Homeowners Insurance
$1,900/yr
$2,200/yr
First-Time Buyer Program
IHDA 1stHomeIllinois
$7,500 forgivable loan
MassHousing DPA
Up to $50,000 DPA loan
Verdict
Illinois wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $270K and lower overall costs, Illinois offers meaningful savings compared to Massachusetts. Both states offer first-time buyer programs — explore the state pages for full details.