For $300,000, You Could Buy a Home in Philly or Make the Typical Down Payment in San Jose

A down payment for a home in California could buy the entire house in some other states.

Homebuyers in San Jose could purchase a Philadelphia home for the cost of their typical down payment, according to a Redfin analysis. Photograph taken in the Frankford neighborhood of Philadelphia on Dec. 20, 2021. Alejandro A. Alvarez/The Philadelphia Inquirer/TNS

By Michaelle Bond Philadelphia Inquirer

PHILADELPHIA—Homebuyers in California are shelling out over $100,000 more as a down payment than the typical Philadelphia buyer pays for their whole home.