Median down payment of in the U.S. in 2023, by state
Homebuyers in the the top five U.S. states with the highest median down payment for a home purchase had to pay more than double the median for the country in the second quarter of 2023. Washington D.C., Massachusetts, and California were the state with the highest down payments in the United States, with median deposits for a home purchase exceeding 80,000 U.S. dollars. Nationwide, the median down payment was approximately 34,000 U.S. dollars. The rapid house price increase since the beginning of the coronavirus pandemic, has led to homebuyers needing to set aside a larger deposit. Additionally, a higher down payment allows borrowers to secure lower monthly payments.
