55 Cities Where You Could Afford a Down Payment If You Saved Just $25 a Day

Saving enough for a down payment can be a major financial obstacle for prospective homebuyers. But if you plan to save over a number of years, saving for a down payment can be more feasible than you think.

A recent MututalFund.com study analyzed the median home price in June 2024 across the nation’s 170 most-populated cities to calculate how much buyers would need to save over a five-year period to afford a 15% down payment on a home. There are several cities where saving just $25 a day (or less) for five years would provide enough for a down payment.

Here’s a look at the major cities — ranked by population size — where a down payment is more affordable than you might think.

• Median home price: $298,397
• Down payment: $44,760
• Annual savings goal (for 5 years): $8,952
• Daily savings goal (for 5 years): $24.53

• Median home price: $271,476
• Down payment: $40,721
• Annual savings goal (for 5 years): $8,144
• Daily savings goal (for 5 years): $22.31

• Median home price: $225,159
• Down payment: $33,774
• Annual savings goal (for 5 years): $6,755
• Daily savings goal (for 5 years): $18.51

• Median home price: $261,501
• Down payment: $39,225
• Annual savings goal (for 5 years): $7,845
• Daily savings goal (for 5 years): $21.49

• Median home price: $302,141
• Down payment: $45,321
• Annual savings goal (for 5 years): $9,064
• Daily savings goal (for 5 years): $24.83

• Median home price: $231,197
• Down payment: $34,680
• Annual savings goal (for 5 years): $6,936
• Daily savings goal (for 5 years): $19.00

• Median home price: $205,889
• Down payment: $30,883
• Annual savings goal (for 5 years): $6,177
• Daily savings goal (for 5 years): $16.92

• Median home price: $223,913
• Down payment: $33,587
• Annual savings goal (for 5 years): $6,717
• Daily savings goal (for 5 years): $18.40

• Median home price: $152,280
• Down payment: $22,842
• Annual savings goal (for 5 years): $4,568
• Daily savings goal (for 5 years): $12.52

• Median home price: $72,457
• Down payment: $10,869
• Annual savings goal (for 5 years): $2,174
• Daily savings goal (for 5 years): $5.96

• Median home price: $188,560
• Down payment: $28,284
• Annual savings goal (for 5 years): $5,657
• Daily savings goal (for 5 years): $15.50

• Median home price: $208,972
• Down payment: $31,346
• Annual savings goal (for 5 years): $6,269
• Daily savings goal (for 5 years): $17.18

• Median home price: $241,555
• Down payment: $36,233
• Annual savings goal (for 5 years): $7,247
• Daily savings goal (for 5 years): $19.85

• Median home price: $286,069
• Down payment: $42,910
• Annual savings goal (for 5 years): $8,582
• Daily savings goal (for 5 years): $23.51

• Median home price: $204,809
• Down payment: $30,721
• Annual savings goal (for 5 years): $6,144
• Daily savings goal (for 5 years): $16.83

• Median home price: $198,504
• Down payment: $29,776
• Annual savings goal (for 5 years): $5,955
• Daily savings goal (for 5 years): $16.32

• Median home price: $247,672
• Down payment: $37,151
• Annual savings goal (for 5 years): $7,430
• Daily savings goal (for 5 years): $20.36

• Median home price: $110,545
• Down payment: $16,582
• Annual savings goal (for 5 years): $3,316
• Daily savings goal (for 5 years): $9.09

• Median home price: $221,575
• Down payment: $33,236
• Annual savings goal (for 5 years): $6,647
• Daily savings goal (for 5 years): $18.21

• Median home price: $243,399
• Down payment: $36,510
• Annual savings goal (for 5 years): $7,302
• Daily savings goal (for 5 years): $20.01

• Median home price: $292,030
• Down payment: $43,805
• Annual savings goal (for 5 years): $8,761
• Daily savings goal (for 5 years): $24.00

• Median home price: $239,496
• Down payment: $35,924
• Annual savings goal (for 5 years): $7,185
• Daily savings goal (for 5 years): $19.68

• Median home price: $261,036
• Down payment: $39,155
• Annual savings goal (for 5 years): $7,831
• Daily savings goal (for 5 years): $21.46

• Median home price: $281,813
• Down payment: $42,272
• Annual savings goal (for 5 years): $8,454
• Daily savings goal (for 5 years): $23.16

• Median home price: $181,513
• Down payment: $27,227
• Annual savings goal (for 5 years): $5,445
• Daily savings goal (for 5 years): $14.92

• Median home price: $227,728
• Down payment: $34,159
• Annual savings goal (for 5 years): $6,832
• Daily savings goal (for 5 years): $18.72

• Median home price: $233,043
• Down payment: $34,957
• Annual savings goal (for 5 years): $6,991
• Daily savings goal (for 5 years): $19.15

• Median home price: $123,237
• Down payment: $18,486
• Annual savings goal (for 5 years): $3,697
• Daily savings goal (for 5 years): $10.13

• Median home price: $210,393
• Down payment: $31,559
• Annual savings goal (for 5 years): $6,312
• Daily savings goal (for 5 years): $17.29

• Median home price: $207,838
• Down payment: $31,176
• Annual savings goal (for 5 years): $6,235
• Daily savings goal (for 5 years): $17.08

• Median home price: $259,538
• Down payment: $38,931
• Annual savings goal (for 5 years): $7,786
• Daily savings goal (for 5 years): $21.33

• Median home price: $297,860
• Down payment: $44,679
• Annual savings goal (for 5 years): $8,936
• Daily savings goal (for 5 years): $24.48

• Median home price: $281,657
• Down payment: $42,249
• Annual savings goal (for 5 years): $8,450
• Daily savings goal (for 5 years): $23.15

• Median home price: $222,135
• Down payment: $33,320
• Annual savings goal (for 5 years): $6,664
• Daily savings goal (for 5 years): $18.26

• Median home price: $206,706
• Down payment: $31,006
• Annual savings goal (for 5 years): $6,201
• Daily savings goal (for 5 years): $16.99

• Median home price: $224,734
• Down payment: $33,710
• Annual savings goal (for 5 years): $6,742
• Daily savings goal (for 5 years): $18.47

• Median home price: $217,984
• Down payment: $32,698
• Annual savings goal (for 5 years): $6,540
• Daily savings goal (for 5 years): $17.92

• Median home price: $200,477
• Down payment: $30,072
• Annual savings goal (for 5 years): $6,014
• Daily savings goal (for 5 years): $16.48

• Median home price: $213,834
• Down payment: $32,075
• Annual savings goal (for 5 years): $6,415
• Daily savings goal (for 5 years): $17.58

• Median home price: $176,796
• Down payment: $26,519
• Annual savings goal (for 5 years): $5,304
• Daily savings goal (for 5 years): $14.53

• Median home price: $289,348
• Down payment: $43,402
• Annual savings goal (for 5 years): $8,680
• Daily savings goal (for 5 years): $23.78

• Median home price: $144,466
• Down payment: $21,670
• Annual savings goal (for 5 years): $4,334
• Daily savings goal (for 5 years): $11.87

• Median home price: $285,943
• Down payment: $42,891
• Annual savings goal (for 5 years): $8,578
• Daily savings goal (for 5 years): $23.50

• Median home price: $132,979
• Down payment: $19,947
• Annual savings goal (for 5 years): $3,989
• Daily savings goal (for 5 years): $10.93

• Median home price: $186,717
• Down payment: $28,008
• Annual savings goal (for 5 years): $5,602
• Daily savings goal (for 5 years): $15.35

• Median home price: $133,601
• Down payment: $20,040
• Annual savings goal (for 5 years): $4,008
• Daily savings goal (for 5 years): $10.98

• Median home price: $282,092
• Down payment: $42,314
• Annual savings goal (for 5 years): $8,463
• Daily savings goal (for 5 years): $23.19

• Median home price: $194,279
• Down payment: $29,142
• Annual savings goal (for 5 years): $5,828
• Daily savings goal (for 5 years): $15.97

• Median home price: $292,742
• Down payment: $43,911
• Annual savings goal (for 5 years): $8,782
• Daily savings goal (for 5 years): $24.06

• Median home price: $138,808
• Down payment: $20,821
• Annual savings goal (for 5 years): $4,164
• Daily savings goal (for 5 years): $11.41

• Median home price: $233,376
• Down payment: $35,006
• Annual savings goal (for 5 years): $7,001
• Daily savings goal (for 5 years): $19.18

• Median home price: $278,950
• Down payment: $41,843
• Annual savings goal (for 5 years): $8,369
• Daily savings goal (for 5 years): $22.93

• Median home price: $191,080
• Down payment: $28,662
• Annual savings goal (for 5 years): $5,732
• Daily savings goal (for 5 years): $15.71

• Median home price: $223,488
• Down payment: $33,523
• Annual savings goal (for 5 years): $6,705
• Daily savings goal (for 5 years): $18.37

• Median home price: $64,014
• Down payment: $9,602
• Annual savings goal (for 5 years): $1,920
• Daily savings goal (for 5 years): $5.26

Data is sourced from MutualFund.com and is accurate as of June 2024.