Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Montana and Rhode Island. Updated for 2026.
Metric
Montana
Rhode Island
Median Home Price
$430K
$425K
Property Tax Rate
0.74%
1.53%
Avg Closing Costs
$6K
$7K
Closing Cost %
1.5%
1.7%
Transfer Tax
None
0.46%
Homeowners Insurance
$2,100/yr
$2,200/yr
First-Time Buyer Program
MBOH Regular Bond Program
Up to $15,000 DPA
RIHousing First Homes
10K DPA forgivable
Verdict
Montana wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Rhode Island 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.