Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Montana and New York. Updated for 2026.
Metric
Montana
New York
Median Home Price
$430K
$430K
Property Tax Rate
0.74%
1.72%
Avg Closing Costs
$6K
$12K
Closing Cost %
1.5%
2.8%
Transfer Tax
None
0.8%
Homeowners Insurance
$2,100/yr
$2,100/yr
First-Time Buyer Program
MBOH Regular Bond Program
Up to $15,000 DPA
SONYMA Achieving the Dream
Up to $15,000 DPAL
Verdict
Montana wins 4 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 York. Both states offer first-time buyer programs — explore the state pages for full details.