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Average U.S. Home Down Payment is Fourteen Percent
March 24, 2015
The average amount buyers put down for their mortgages last year was 14 percent of purchase price, translating to an average $32,141, RealtyTrac found.
In 25 of the most expensive counties, the average down payment was 24 percent, or $138,547. This percentage is twice the average in the 25 lowest-priced counties, where buyers put down 12 percent, or $8,239.
When it comes to Millennial homebuying, the 25 counties with the biggest increase in Millennials saw an average 17 percent downpayment, or $66,174.
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