New Hampshire vs Tennessee: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between New Hampshire and Tennessee. Updated for 2026.
Metric
New Hampshire
Tennessee
Median Home Price
$430K
$340K
Property Tax Rate
2.09%
0.56%
Avg Closing Costs
$7K
$5K
Closing Cost %
1.6%
1.5%
Transfer Tax
1.5%
0.37%
Homeowners Insurance
$1,400/yr
$2,400/yr
First-Time Buyer Program
NHHFA Home Flex Plus
Up to $20,000 DPA
THDA Great Choice Home Loan
Up to $25,000 DPA
Verdict
Tennessee wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $340K and lower overall costs, Tennessee offers meaningful savings compared to New Hampshire. Both states offer first-time buyer programs — explore the state pages for full details.