The range is wide. The median home costs $5,177.81 a month in Hawaii but only $1,118.32 in West Virginia. Effective property tax rates run from 0.27% to 1.92%.
| State | Median home value | Effective property tax | Avg. insurance / yr | Monthly payment* |
|---|---|---|---|---|
| Alabama | $233,300 | 0.38% | $1,906 | $1,525.01 |
| Alaska | $376,500 | 1.06% | $1,216 | $2,519.36 |
| Arizona | $426,000 | 0.43% | $1,194 | $2,611.80 |
| Arkansas | $215,600 | 0.52% | $1,870 | $1,443.47 |
| California | $759,500 | 0.71% | $1,655 | $4,794.15 |
| Colorado | $574,600 | 0.49% | $2,492 | $3,625.06 |
| Connecticut | $396,900 | 1.66% | $2,036 | $2,917.19 |
| Delaware | $371,600 | 0.47% | $1,196 | $2,303.56 |
| Washington, D.C. | $733,400 | 0.63% | $1,545 | $4,576.08 |
| Florida | $396,900 | 0.75% | $2,779 | $2,678.11 |
| Georgia | $343,300 | 0.74% | $1,828 | $2,265.55 |
| Hawaii | $875,900 | 0.27% | $1,549 | $5,177.81 |
| Idaho | $446,400 | 0.43% | $1,135 | $2,727.21 |
| Illinois | $280,700 | 1.92% | $1,480 | $2,127.22 |
| Indiana | $243,500 | 0.74% | $1,259 | $1,603.84 |
| Iowa | $227,300 | 1.29% | $1,342 | $1,615.19 |
| Kansas | $238,700 | 1.25% | $1,733 | $1,715.25 |
| Kentucky | $226,000 | 0.71% | $1,525 | $1,512.66 |
| Louisiana | $223,200 | 0.53% | $3,027 | $1,587.15 |
| Maine | $341,900 | 0.91% | $1,150 | $2,248.88 |
| Maryland | $436,300 | 0.95% | $1,578 | $2,893.60 |
| Massachusetts | $607,400 | 1.00% | $2,134 | $4,048.41 |
| Michigan | $254,200 | 1.18% | $1,110 | $1,750.52 |
| Minnesota | $344,600 | 1.02% | $1,988 | $2,367.34 |
| Mississippi | $186,500 | 0.65% | $2,029 | $1,303.11 |
| Missouri | $254,400 | 0.79% | $1,589 | $1,709.05 |
| Montana | $425,400 | 0.69% | $1,768 | $2,748.22 |
| Nebraska | $263,100 | 1.42% | $2,142 | $1,947.15 |
| Nevada | $455,500 | 0.47% | $1,013 | $2,785.87 |
| New Hampshire | $458,800 | 1.46% | $1,300 | $3,207.81 |
| New Jersey | $496,000 | 1.89% | $1,551 | $3,657.78 |
| New Mexico | $279,900 | 0.63% | $1,490 | $1,821.46 |
| New York | $449,800 | 1.45% | $1,801 | $3,185.04 |
| North Carolina | $333,000 | 0.61% | $1,852 | $2,168.08 |
| North Dakota | $266,100 | 0.96% | $1,414 | $1,804.69 |
| Ohio | $239,800 | 1.22% | $1,116 | $1,665.09 |
| Oklahoma | $222,100 | 0.75% | $2,486 | $1,576.22 |
| Oregon | $497,500 | 0.78% | $1,003 | $3,162.67 |
| Pennsylvania | $277,600 | 1.16% | $1,217 | $1,907.39 |
| Rhode Island | $455,700 | 1.07% | $2,396 | $3,130.14 |
| South Carolina | $299,500 | 0.45% | $1,753 | $1,917.36 |
| South Dakota | $289,600 | 1.02% | $1,614 | $1,984.77 |
| Tennessee | $332,600 | 0.45% | $1,649 | $2,104.45 |
| Texas | $313,200 | 1.31% | $2,864 | $2,315.41 |
| Utah | $545,200 | 0.49% | $1,107 | $3,334.72 |
| Vermont | $352,800 | 1.42% | $1,215 | $2,472.92 |
| Virginia | $403,500 | 0.71% | $1,537 | $2,601.84 |
| Washington | $602,200 | 0.79% | $1,232 | $3,834.69 |
| West Virginia | $170,800 | 0.52% | $1,179 | $1,118.32 |
| Wisconsin | $294,700 | 1.25% | $923 | $2,016.27 |
| Wyoming | $339,500 | 0.57% | $1,853 | $2,196.17 |
*Median home value rounded to the nearest $100, 20% down, 7.40% 30-year fixed, with property tax and insurance. No PMI or HOA.
Mortgage payment by loan amount
- $200,000 mortgage payment — $1,384.76/mo at 7.40% for 30 years
- $250,000 mortgage payment — $1,730.95/mo at 7.40% for 30 years
- $300,000 mortgage payment — $2,077.14/mo at 7.40% for 30 years
- $350,000 mortgage payment — $2,423.33/mo at 7.40% for 30 years
- $400,000 mortgage payment — $2,769.52/mo at 7.40% for 30 years
- $500,000 mortgage payment — $3,461.90/mo at 7.40% for 30 years
Sources
- Median home value and median real estate taxes paid: U.S. Census Bureau, American Community Survey 2024 1-year, table B25077 and table B25103 (owner-occupied housing units). Effective rate = median tax bill ÷ median home value.
- Median household income and median gross rent: ACS 2024 1-year tables B19013 and B25064.
- Homeowners insurance: NAIC Dwelling Fire, Homeowners Owner-Occupied and Homeowners Tenant and Condominium/Cooperative Unit Owner’s Insurance Report: Data for 2023, average HO-3 premium (written premium ÷ house-years; Texas data from the Texas Department of Insurance).
- Mortgage rates: Freddie Mac Primary Mortgage Market Survey, week of October 15, 2026 (30-year 7.40%, 15-year 6.71%).
- Transfer taxes: NetSheet.org state transfer tax table (2026), a third-party compilation; confirm the rate with your county recorder or closing agent.
- State housing finance agencies: National Council of State Housing Agencies member directory.