Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Rhode Island and Texas. Updated for 2026.
Metric
Rhode Island
Texas
Median Home Price
$425K
$310K
Property Tax Rate
1.53%
1.8%
Avg Closing Costs
$7K
$5K
Closing Cost %
1.7%
1.7%
Transfer Tax
0.46%
None
Homeowners Insurance
$2,200/yr
$3,800/yr
First-Time Buyer Program
RIHousing First Homes
10K DPA forgivable
TDHCA My First Texas Home
Up to 5% DPA grant
Verdict
Texas wins 3 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $310K and lower overall costs, Texas offers meaningful savings compared to Rhode Island. Both states offer first-time buyer programs — explore the state pages for full details.