The median down payment for a house in the US is $31,500, but that figure varies drastically depending on where in the country you are. Using analysis by Bankrate, Julie Peasley mapped the median down payment for a single-family home in every state.
Key Findings:
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Washington DC, Florida and Hawaii are tied for the most expensive state to make a down payment, with a median of $98,670.
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The fourth- and fifth-priciest areas are Washington State and California where homebuyers face median down payments in the mid-$80,000s.
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When it comes to the states with the cheapest down payments, Alabama, West Virginia, Louisiana and Mississippi all average less than $10,000.
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If you found this interesting, you should check out the US cities where it takes longest to afford a down payment.
Via Visual Capitalist.
