Maryland vs North Carolina: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Maryland and North Carolina. Updated for 2026.
Metric
Maryland
North Carolina
Median Home Price
$420K
$340K
Property Tax Rate
1.09%
0.78%
Avg Closing Costs
$11K
$5K
Closing Cost %
2.5%
1.4%
Transfer Tax
1.5%
0.2%
Homeowners Insurance
$1,700/yr
$2,300/yr
First-Time Buyer Program
MD Mortgage Program
Up to $25,000 DPA
NC Home Advantage Mortgage
Up to 5% DPA
Verdict
North Carolina wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $340K and lower overall costs, North Carolina offers meaningful savings compared to Maryland. Both states offer first-time buyer programs — explore the state pages for full details.