economie

Down payments are plunging in 10 places, giving homebuyers another affordability win

October 24, 20240

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Median down payment in Q3 2024: $27,000

Median down payment in Q3 2023: $35,500

Down payment decline: 24%; $8,500

Down payment savings vs median: $3,300

2. Texas
Wyoming.

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Median down payment in Q3 2024: $25,200

Median down payment in Q3 2023: $32,400

Down payment decline: 22.3%; $7,200

Down payment savings vs median: $5,100

4. Washington, DC
Mount Rushmore was carved into the Black Hills region of South Dakota.

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Median down payment in Q3 2024: $31,400

Median down payment in Q3 2023: $37,600

Down payment decline: 16.4%; $6,200

Down payment savings vs median: -$1,100

6. Georgia

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Median down payment in Q3 2024: $20,600

Median down payment in Q3 2023: $24,400

Down payment decline: 15.5%; $3,800

Down payment savings vs median: $9,700

8. Alabama
Montana is nicknamed “The Treasure State.”

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Median down payment in Q3 2024: $63,300

Median down payment in Q3 2023: $72,900

Down payment decline: 13.2%; $9,600

Down payment savings vs median: -$33,000

10. North Dakota

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Median down payment in Q3 2024: $21,400

Median down payment in Q3 2023: $24,600

Down payment decline: 12.9%; $3,200

Down payment savings vs median: $8,900