Indiana vs Massachusetts: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Indiana and Massachusetts. Updated for 2026.
Metric
Indiana
Massachusetts
Median Home Price
$240K
$595K
Property Tax Rate
0.84%
1.2%
Avg Closing Costs
$3K
$10K
Closing Cost %
1.1%
1.6%
Transfer Tax
None
0.456%
Homeowners Insurance
$1,700/yr
$2,200/yr
First-Time Buyer Program
IHCDA Next Home
Up to 6% DPA
MassHousing DPA
Up to $50,000 DPA loan
Verdict
Indiana wins 6 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $240K and lower overall costs, Indiana offers meaningful savings compared to Massachusetts. Both states offer first-time buyer programs — explore the state pages for full details.