Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Maryland and Wyoming. Updated for 2026.
Metric
Maryland
Wyoming
Median Home Price
$420K
$340K
Property Tax Rate
1.09%
0.61%
Avg Closing Costs
$11K
$4K
Closing Cost %
2.5%
1.1%
Transfer Tax
1.5%
None
Homeowners Insurance
$1,700/yr
$1,800/yr
First-Time Buyer Program
MD Mortgage Program
Up to $25,000 DPA
WCDA Spruce Up Wyoming
Below-market rate loans
Verdict
Wyoming 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, Wyoming offers meaningful savings compared to Maryland. Both states offer first-time buyer programs — explore the state pages for full details.