Median Homebuyer Down Payment Is More Than $180,000 in Top 10 US Metros: Report

California accounted for nine of the 10 cities with the highest down payments.

A for-sale sign outside a home in Irvine, Calif., on Sept. 21, 2020. John Fredricks/The Epoch Times

Prospective buyers in some of the hottest housing markets in the United States will have to pay more than $180,000 in down payments to secure a home, according to a recent report from real estate data curator ATTOM.

Among homes purchased with mortgages, the median down payment rose by 11.1 percent from the previous quarter to $24,250 in the second quarter, according to the Aug. 30 report.