Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Texas and Wyoming. Updated for 2026.
Metric
Texas
Wyoming
Median Home Price
$310K
$340K
Property Tax Rate
1.8%
0.61%
Avg Closing Costs
$5K
$4K
Closing Cost %
1.7%
1.1%
Transfer Tax
None
None
Homeowners Insurance
$3,800/yr
$1,800/yr
First-Time Buyer Program
TDHCA My First Texas Home
Up to 5% DPA grant
WCDA Spruce Up Wyoming
Below-market rate loans
Verdict
Wyoming wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Texas 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.