Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Oregon and Rhode Island. Updated for 2026.
Metric
Oregon
Rhode Island
Median Home Price
$480K
$425K
Property Tax Rate
0.93%
1.53%
Avg Closing Costs
$7K
$7K
Closing Cost %
1.4%
1.7%
Transfer Tax
0.1%
0.46%
Homeowners Insurance
$1,400/yr
$2,200/yr
First-Time Buyer Program
OHCS Oregon Bond
Cash Advantage up to $15K
RIHousing First Homes
10K DPA forgivable
Verdict
Oregon 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.