Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Maine and Maryland. Updated for 2026.
Metric
Maine
Maryland
Median Home Price
$350K
$420K
Property Tax Rate
1.3%
1.09%
Avg Closing Costs
$5K
$11K
Closing Cost %
1.5%
2.5%
Transfer Tax
0.44%
1.5%
Homeowners Insurance
$1,300/yr
$1,700/yr
First-Time Buyer Program
MaineHousing First Home
$5,000 Advantage grant
MD Mortgage Program
Up to $25,000 DPA
Verdict
Maine wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $350K and lower overall costs, Maine offers meaningful savings compared to Maryland. Both states offer first-time buyer programs — explore the state pages for full details.