Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Montana and New Jersey. Updated for 2026.
Metric
Montana
New Jersey
Median Home Price
$430K
$505K
Property Tax Rate
0.74%
2.47%
Avg Closing Costs
$6K
$10K
Closing Cost %
1.5%
2.0%
Transfer Tax
None
1%
Homeowners Insurance
$2,100/yr
$1,500/yr
First-Time Buyer Program
MBOH Regular Bond Program
Up to $15,000 DPA
NJHMFA DPA Program
Up to $15,000 forgivable
Verdict
Montana wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $430K and lower overall costs, Montana offers meaningful savings compared to New Jersey. Both states offer first-time buyer programs — explore the state pages for full details.