In a bit of good news for home buyers, median down payments are down nationwide from 14.7% at the end of 2023 to 13.6% currently. This comes to a savings of roughly $4,400.
Thew news isn’t so good in California where median down payments continue to be sky-high. Below are the metro areas with the highest down payments based on percentage of total cost.
- Oxnard, CA – 24.50%
- San Francisco, CA – 24.20%
- Santa Maria, CA – 24.10%
- San José, CA – 24.00%
- Los Angeles, CA – 21.50%
- Santa Rosa, CA – 20.50%
- San Diego, CA – 20.00%