Median down payments are down – except in California

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.

  1. Oxnard, CA – 24.50%
  2. San Francisco, CA – 24.20%
  3. Santa Maria, CA – 24.10%
  4. San José, CA – 24.00%
  5. Los Angeles, CA – 21.50%
  6. Santa Rosa, CA – 20.50%
  7. San Diego, CA – 20.00%

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