Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Kentucky and New York. Updated for 2026.
Metric
Kentucky
New York
Median Home Price
$210K
$430K
Property Tax Rate
0.83%
1.72%
Avg Closing Costs
$3K
$12K
Closing Cost %
1.4%
2.8%
Transfer Tax
0.1%
0.8%
Homeowners Insurance
$2,400/yr
$2,100/yr
First-Time Buyer Program
KHC Regular DAP
Up to $6,000 repayable loan
SONYMA Achieving the Dream
Up to $15,000 DPAL
Verdict
Kentucky wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $210K and lower overall costs, Kentucky offers meaningful savings compared to New York. Both states offer first-time buyer programs — explore the state pages for full details.