The typical homebuyer’s down payment in March was $64,000 in March, a 1.5% year-over-year decline.
According to a new data report from Redfin, the typical homebuyer puts down 15% of a home’s purchase price, compared to 16.1% in March 2025. Redfin analyzed county records across 40 of the most populous metropolitan areas for its report, using data focused on home purchases for which buyers took out a mortgage. Redfin determined the median down-payment percentage fell in 18 metros.
At a metro level, down payment percentages were highest in three California metros: San Jose, San Francisco and Anaheim, where the typical homebuyer in each market put down 25% of the purchase price. They were lowest in Virginia Beach, Virginia (2%), Detroit (5%) and Las Vegas (6%).
In dollar terms, the year-over-year level for down payments fell most in Nashville (-27%), Atlanta (-25.3%) and Las Vegas (-21.5%). They increased in 14 metros, led by Cleveland (20.5%), Detroit (12%) and Baltimore (8.1%).
0 Comments