As of June 2021, the median down payment for a single family home was 28,300 U.S. dollars, while the average down payment was 74,403 U.S. dollars. The difference between the median and the average figures can be explained with the fact that homes very greatly in price, with more expensive homes tending to move the average up. Another reason for the gap is that buyers often put down a higher percentage of the home price as a down payment to reduce the amount of the loan and interest paid over time.
Median and average mortgage down payment in the United States in 2021, by housing type
(in U.S. dollars)
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The Motley Fool. (June 16, 2021). Median and average mortgage down payment in the United States in 2021, by housing type (in U.S. dollars) [Graph]. In Statista. Retrieved November 14, 2024, from https://www.statista.com/statistics/1267637/down-payment-by-housing-type-usa/
The Motley Fool. "Median and average mortgage down payment in the United States in 2021, by housing type (in U.S. dollars)." Chart. June 16, 2021. Statista. Accessed November 14, 2024. https://www.statista.com/statistics/1267637/down-payment-by-housing-type-usa/
The Motley Fool. (2021). Median and average mortgage down payment in the United States in 2021, by housing type (in U.S. dollars). Statista. Statista Inc.. Accessed: November 14, 2024. https://www.statista.com/statistics/1267637/down-payment-by-housing-type-usa/
The Motley Fool. "Median and Average Mortgage down Payment in The United States in 2021, by Housing Type (in U.S. Dollars)." Statista, Statista Inc., 16 Jun 2021, https://www.statista.com/statistics/1267637/down-payment-by-housing-type-usa/
The Motley Fool, Median and average mortgage down payment in the United States in 2021, by housing type (in U.S. dollars) Statista, https://www.statista.com/statistics/1267637/down-payment-by-housing-type-usa/ (last visited November 14, 2024)
Median and average mortgage down payment in the United States in 2021, by housing type (in U.S. dollars) [Graph], The Motley Fool, June 16, 2021. [Online]. Available: https://www.statista.com/statistics/1267637/down-payment-by-housing-type-usa/