Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Indiana and Texas. Updated for 2026.
Metric
Indiana
Texas
Median Home Price
$240K
$310K
Property Tax Rate
0.84%
1.8%
Avg Closing Costs
$3K
$5K
Closing Cost %
1.1%
1.7%
Transfer Tax
None
None
Homeowners Insurance
$1,700/yr
$3,800/yr
First-Time Buyer Program
IHCDA Next Home
Up to 6% DPA
TDHCA My First Texas Home
Up to 5% DPA grant
Verdict
Indiana wins 5 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 Texas. Both states offer first-time buyer programs — explore the state pages for full details.