Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between New Mexico and Vermont. Updated for 2026.
Metric
New Mexico
Vermont
Median Home Price
$280K
$380K
Property Tax Rate
0.8%
1.9%
Avg Closing Costs
$4K
$6K
Closing Cost %
1.4%
1.6%
Transfer Tax
None
1.45%
Homeowners Insurance
$1,900/yr
$1,100/yr
First-Time Buyer Program
MFA First Home
FIRSTDown DPA assistance
VHFA MOVE Mortgage
$5K–$15K DPA
Verdict
New Mexico wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $280K and lower overall costs, New Mexico offers meaningful savings compared to Vermont. Both states offer first-time buyer programs — explore the state pages for full details.