Median Homebuyer Down Payment Is More Than $180,000 in Top 10 US Metros: Report

Published on September 3, 2024

Prospective buyers in some of the hottest housing markets in the United States will have to pay more than $180,000 in down payments to secure a home, according to a recent report from real estate data curator ATTOM. Among homes purchased with mortgages, the median down payment rose by 11.1 percent from the previous quarter to $24,250 in the second quarter, according to the Aug. 30 report. Nine out of the top 10 cities with the largest down payments were in California. San Jose had the largest median down payment at $320,000, followed by San Francisco with $306,375. Los Angeles and San Diego each had median down payments of more than $200,000. Oxnard, Salinas, San Luis Obispo, and Santa Rosa each had median down payments of more than $180,000....

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