Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Mississippi and Utah. Updated for 2026.
Metric
Mississippi
Utah
Median Home Price
$175K
$480K
Property Tax Rate
0.8%
0.58%
Avg Closing Costs
$2K
$6K
Closing Cost %
1.4%
1.3%
Transfer Tax
None
None
Homeowners Insurance
$2,400/yr
$1,200/yr
First-Time Buyer Program
MHC Smart Solution
Up to $10,000 DPA
UHC FirstHome Loan
Up to 6% DPA second
Verdict
Utah wins 3 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Mississippi has a lower total cost when combining home price, closing costs, and insurance. Both states offer first-time buyer programs — explore the state pages for full details.