Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Indiana and Oklahoma. Updated for 2026.
Metric
Indiana
Oklahoma
Median Home Price
$240K
$210K
Property Tax Rate
0.84%
0.88%
Avg Closing Costs
$3K
$3K
Closing Cost %
1.1%
1.3%
Transfer Tax
None
0.075%
Homeowners Insurance
$1,700/yr
$3,600/yr
First-Time Buyer Program
IHCDA Next Home
Up to 6% DPA
OHFA Homebuyer DPA
Up to 3.5% DPA
Verdict
Indiana wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Oklahoma 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.