Mortgage Rates by State — April 2026
Compare current mortgage rates, average home prices, and first-time buyer programs across all 50 states and DC. Click any state for detailed rate tables and local insights.
Northeast
| State | Avg Home Price | Property Tax | Median Income | 1st-Time Buyer |
|---|---|---|---|---|
| Connecticut | $385,000 | 2.15% | $83,771 | ✓ |
| Delaware | $350,000 | 0.57% | $72,724 | ✓ |
| Maine | $365,000 | 1.24% | $64,767 | ✓ |
| Maryland | $410,000 | 1.05% | $90,203 | ✓ |
| Massachusetts | $600,000 | 1.15% | $93,550 | ✓ |
| New Hampshire | $460,000 | 2.09% | $88,235 | ✓ |
| New Jersey | $510,000 | 2.47% | $89,296 | ✓ |
| New York | $450,000 | 1.72% | $74,314 | ✓ |
| Pennsylvania | $280,000 | 1.58% | $67,587 | ✓ |
| Rhode Island | $435,000 | 1.40% | $74,489 | ✓ |
| Vermont | $380,000 | 1.90% | $67,674 | ✓ |
| District of Columbia | $650,000 | 0.56% | $101,722 | ✓ |
Southeast
| State | Avg Home Price | Property Tax | Median Income | 1st-Time Buyer |
|---|---|---|---|---|
| Alabama | $232,000 | 0.40% | $56,200 | ✓ |
| Florida | $405,000 | 0.86% | $67,917 | ✓ |
| Georgia | $350,000 | 0.87% | $65,030 | ✓ |
| Kentucky | $205,000 | 0.86% | $55,573 | ✓ |
| Mississippi | $175,000 | 0.81% | $46,511 | ✓ |
| North Carolina | $355,000 | 0.80% | $63,750 | ✓ |
| South Carolina | $305,000 | 0.57% | $59,318 | ✓ |
| Tennessee | $340,000 | 0.64% | $59,695 | ✓ |
| Virginia | $420,000 | 0.80% | $87,249 | ✓ |
| West Virginia | $155,000 | 0.58% | $48,037 | ✓ |
Midwest
| State | Avg Home Price | Property Tax | Median Income | 1st-Time Buyer |
|---|---|---|---|---|
| Illinois | $255,000 | 2.23% | $72,205 | ✓ |
| Indiana | $240,000 | 0.83% | $61,944 | ✓ |
| Iowa | $210,000 | 1.57% | $65,573 | ✓ |
| Kansas | $225,000 | 1.41% | $64,521 | ✓ |
| Michigan | $240,000 | 1.38% | $63,498 | ✓ |
| Minnesota | $340,000 | 1.12% | $80,441 | ✓ |
| Missouri | $240,000 | 0.97% | $61,043 | ✓ |
| Nebraska | $260,000 | 1.73% | $66,644 | ✓ |
| North Dakota | $260,000 | 0.98% | $68,131 | ✓ |
| Ohio | $220,000 | 1.56% | $59,749 | ✓ |
| South Dakota | $290,000 | 1.22% | $63,920 | ✓ |
| Wisconsin | $285,000 | 1.73% | $67,125 | ✓ |
Southwest
West
| State | Avg Home Price | Property Tax | Median Income | 1st-Time Buyer |
|---|---|---|---|---|
| Alaska | $350,000 | 1.04% | $77,640 | ✓ |
| California | $793,000 | 0.71% | $91,905 | ✓ |
| Colorado | $550,000 | 0.51% | $87,598 | ✓ |
| Hawaii | $835,000 | 0.27% | $94,814 | ✓ |
| Idaho | $445,000 | 0.63% | $65,988 | ✓ |
| Montana | $450,000 | 0.74% | $60,560 | ✓ |
| Nevada | $440,000 | 0.53% | $68,358 | ✓ |
| Oregon | $500,000 | 0.87% | $73,640 | ✓ |
| Utah | $520,000 | 0.58% | $86,833 | ✓ |
| Washington | $600,000 | 0.87% | $90,325 | ✓ |
| Wyoming | $330,000 | 0.56% | $65,204 | ✓ |
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Join Waitlist — FreeFrequently Asked Questions
How do mortgage rates differ by state?+
Mortgage rates vary slightly by state due to differences in local lending markets, property tax rates, housing demand, and regulatory environments. States with higher property taxes may see slightly different rate structures. However, the biggest rate differences come from your credit score, down payment, and lender choice rather than geography.
What state has the cheapest homes?+
As of 2026, states with the lowest average home prices include West Virginia ($155,000), Mississippi ($175,000), Arkansas ($195,000), Oklahoma ($200,000), and Kentucky ($205,000). These affordable markets combined with first-time buyer programs can make homeownership very accessible.
Which states have the lowest property taxes?+
Hawaii (0.27%), Alabama (0.40%), Colorado (0.51%), Nevada (0.53%), and Louisiana (0.55%) have some of the lowest effective property tax rates. Low property taxes significantly reduce your total monthly housing payment.
Do all states have first-time homebuyer programs?+
Yes, every state and DC offers first-time homebuyer programs through their housing finance agencies. These typically include below-market interest rates, down payment assistance, and closing cost help. Income limits and property value caps apply.
Should I buy a home in a low-cost or high-cost state?+
It depends on your income, career, and lifestyle preferences. Low-cost states offer more affordable entry points but may have lower incomes. High-cost states like California and Massachusetts have expensive homes but higher median incomes. The key metric is the income-to-home-price ratio in your specific area.
How can I get the best mortgage rate regardless of state?+
To get the best rate: (1) improve your credit score to 760+, (2) save for at least 20% down payment, (3) compare rates from at least 3-5 lenders, (4) consider paying points for a lower rate, and (5) lock your rate when you find a good one. Shopping around can save thousands over the life of your loan.