Michigan vs Pennsylvania: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Michigan and Pennsylvania. Updated for 2026.
Metric
Michigan
Pennsylvania
Median Home Price
$240K
$280K
Property Tax Rate
1.54%
1.36%
Avg Closing Costs
$4K
$5K
Closing Cost %
1.5%
1.7%
Transfer Tax
0.86%
2%
Homeowners Insurance
$1,800/yr
$1,400/yr
First-Time Buyer Program
MSHDA DPA
Up to $7,500 DPA
PHFA Keystone Advantage
Up to $6,000 DPA
Verdict
Michigan wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $240K and lower overall costs, Michigan offers meaningful savings compared to Pennsylvania. Both states offer first-time buyer programs — explore the state pages for full details.