U.S. Homebuyer Median Down Payment Hits Record $67,500
Based on a new report by Redfin, the typical down payment for U.S. homebuyers hit a record high of $67,500 in June 2024, up 14.8% from $58,788 a year earlier. This was the 12th consecutive month the median down payment rose year over year.
The nearly-15% jump in the median down payment significantly outpaced the increase in home prices, which were up 4% in June year over year.