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How Much Cash Do You Need for a Down Payment in 50 US Cities?

June 7, 2023

6 min Read

Written by Gabrielle Olya

Edited by Somnia Keesey

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Saving up enough for a down payment can be a financial barrier to buying a home. The average home value in the United States is now $339,048, according to Zillow, which means that you would need $67,810 for a 20% down payment. You can, however, put down less depending on your loan terms, but you would still need $20,343 for a 6% down payment.

Home values vary greatly across America, so the financial barrier to entry for homeownership varies greatly as well. Here’s a look at how much cash you would need for a 20%, 15%, 10% and 6% down payment in the 50 most populated U.S. cities, ranked from least to most expensive.

50. Detroit

Average home value: $62,714
20% down payment: $12,543
15% down payment: $9,407
10% down payment: $6,271
6% down payment: $3,763

49. Memphis, Tennessee

Average home value: $147,057
20% down payment: $29,412
15% down payment: $22,059
10% down payment: $14,706
6% down payment: $8,823

48. Baltimore

Average home value: $174,637
20% down payment: $34,928
15% down payment: $26,196
10% down payment: $17,464
6% down payment: $10,478

47. Milwaukee

Average home value: $189,303
20% down payment: $37,861
15% down payment: $28,395
10% down payment: $18,930
6% down payment: $11,358

46. Rochester, New York

Average home value: $199,760
20% down payment: $39,952
15% down payment: $29,964
10% down payment: $19,976
6% down payment: $11,986

45. Oklahoma City

Average home value: $200,905
20% down payment: $40,181
15% down payment: $30,136
10% down payment: $20,091
6% down payment: $12,054

44. El Paso, Texas

Average home value: $206,562
20% down payment: $41,313
15% down payment: $30,984
10% down payment: $20,656
6% down payment: $12,394

43. Buffalo, New York

Average home value: $208,699
20% down payment: $41,740
15% down payment: $31,305
10% down payment: $20,870
6% down payment: $12,522

42. Philadelphia

Average home value: $212,703
20% down payment: $42,541
15% down payment: $31,906
10% down payment: $21,270
6% down payment: $12,762

41. Pittsburgh

Average home value: $224,368
20% down payment: $44,874
15% down payment: $33,655
10% down payment: $22,437
6% down payment: $13,462

40. Indianapolis

Average home value: $224,863
20% down payment: $44,973
15% down payment: $33,730
10% down payment: $22,486
6% down payment: $13,492

39. Kansas City, Missouri

Average home value: $227,369
20% down payment: $45,474
15% down payment: $34,105
10% down payment: $22,737
6% down payment: $13,642

38. Cincinnati

Average home value: $230,278
20% down payment: $46,056
15% down payment: $34,542
10% down payment: $23,028
6% down payment: $13,817

37. Louisville, Kentucky

Average home value: $236,689
20% down payment: $47,338
15% down payment: $35,503
10% down payment: $23,669
6% down payment: $14,201

36. Columbus, Ohio

Average home value: $252,365
20% down payment: $50,473
15% down payment: $37,855
10% down payment: $25,237
6% down payment: $15,142

35. San Antonio

Average home value: $264,676
20% down payment: $52,935
15% down payment: $39,701
10% down payment: $26,468
6% down payment: $15,881

34. Houston

Average home value: $268,661
20% down payment: $53,732
15% down payment: $40,299
10% down payment: $26,866
6% down payment: $16,120

33. Omaha, Nebraska

Average home value: $272,489
20% down payment: $54,498
15% down payment: $40,873
10% down payment: $27,249
6% down payment: $16,349

32. Chicago

Average home value: $287,005
20% down payment: $57,401
15% down payment: $43,051
10% down payment: $28,701
6% down payment: $17,220

31. Jacksonville, Florida

Average home value: $309,438
20% down payment: $61,888
15% down payment: $46,416
10% down payment: $30,944
6% down payment: $18,566

30. Fort Worth, Texas

Average home value: $312,898
20% down payment: $62,580
15% down payment: $46,935
10% down payment: $31,290
6% down payment: $18,774

29. Albuquerque, New Mexico

Average home value: $316,205
20% down payment: $63,241
15% down payment: $47,431
10% down payment: $31,621
6% down payment: $18,972

28. Tucson, Arizona

Average home value: $322,474
20% down payment: $64,495
15% down payment: $48,371
10% down payment: $32,247
6% down payment: $19,348

27. Dallas

Average home value: $325,315
20% down payment: $65,063
15% down payment: $48,797
10% down payment: $32,532
6% down payment: $19,519

26. Fresno, California

Average home value: $367,706
20% down payment: $73,541
15% down payment: $55,156
10% down payment: $36,771
6% down payment: $22,062

25. Bakersfield, California

Average home value: $374,559
20% down payment: $74,912
15% down payment: $56,184
10% down payment: $37,456
6% down payment: $22,474

24. Virginia Beach, Virginia

Average home value: $382,695
20% down payment: $76,539
15% down payment: $57,404
10% down payment: $38,270
6% down payment: $22,962

23. Charlotte, North Carolina

Average home value: $388,493
20% down payment: $77,699
15% down payment: $58,274
10% down payment: $38,849
6% down payment: $23,310

22. Orlando, Florida

Average home value: $394,558
20% down payment: $78,912
15% down payment: $59,184
10% down payment: $39,456
6% down payment: $23,674

21. Phoenix

Average home value: $413,864
20% down payment: $82,773
15% down payment: $62,080
10% down payment: $41,386
6% down payment: $24,832

20. Las Vegas

Average home value: $415,080
20% down payment: $83,016
15% down payment: $62,262
10% down payment: $41,508
6% down payment: $24,905

19. Atlanta

Average home value: $416,935
20% down payment: $83,387
15% down payment: $62,540
10% down payment: $41,694
6% down payment: $25,016

18. Raleigh, North Carolina

Average home value: $426,815
20% down payment: $85,363
15% down payment: $64,022
10% down payment: $42,682
6% down payment: $25,609

17. Mesa, Arizona

Average home value: $427,292
20% down payment: $85,458
15% down payment: $64,094
10% down payment: $42,729
6% down payment: $25,638

16. Nashville, Tennessee

Average home value: $437,650
20% down payment: $87,530
15% down payment: $65,647
10% down payment: $43,765
6% down payment: $26,259

15. Colorado Springs, Colorado

Average home value: $460,705
20% down payment: $92,141
15% down payment: $69,106
10% down payment: $46,071
6% down payment: $27,642

14. Sacramento, California

Average home value: $468,329
20% down payment: $93,666
15% down payment: $70,249
10% down payment: $46,833
6% down payment: $28,100

13. Portland, Oregon

Average home value: $562,913
20% down payment: $112,583
15% down payment: $84,437
10% down payment: $56,291
6% down payment: $33,775

12. Austin, Texas

Average home value: $590,001
20% down payment: $118,000
15% down payment: $88,500
10% down payment: $59,000
6% down payment: $35,400

11. Miami

Average home value: $603,659
20% down payment: $120,732
15% down payment: $90,549
10% down payment: $60,366
6% down payment: $36,220

10. Denver

Average home value: $620,379
20% down payment: $124,076
15% down payment: $93,057
10% down payment: $62,038
6% down payment: $37,223

9. New York

Average home value: $712,289
20% down payment: $142,458
15% down payment: $106,843
10% down payment: $71,229
6% down payment: $42,737

8. Boston

Average home value: $731,766
20% down payment: $146,353
15% down payment: $109,765
10% down payment: $73,177
6% down payment: $43,906

7. Washington

Average home value: $739,167
20% down payment: $147,833
15% down payment: $110,875
10% down payment: $73,917
6% down payment: $44,350

6. Long Beach, California

Average home value: $839,983
20% down payment: $167,997
15% down payment: $125,998
10% down payment: $83,998
6% down payment: $50,399

5. Seattle

Average home value: $913,662
20% down payment: $182,732
15% down payment: $137,049
10% down payment: $91,366
6% down payment: $54,820

4. Los Angeles

Average home value: $974,194
20% down payment: $194,839
15% down payment: $146,129
10% down payment: $97,420
6% down payment: $58,452

3. San Diego

Average home value: $1,005,482
20% down payment: $201,096
15% down payment: $150,822
10% down payment: $100,548
6% down payment: $60,329

2. San Francisco

Average home value: $1,399,627
20% down payment: $279,926
15% down payment: $209,944
10% down payment: $139,963
6% down payment: $83,978

1. San Jose, California

Average home value: $1,400,236
20% down payment: $280,047
15% down payment: $210,035
10% down payment: $140,023
6% down payment: $84,014

More From GOBankingRates

Methodology: In order to evaluate how much cash you need for a down payment in 50 U.S. cities, GOBankingRates used Zillow’s home value index to source the 50 most populated cities and the median home value index for single-family homes for each city. GOBankingRates then calculated different down payment amounts for each city to show what someone can likely expect when purchasing a single-family home. All information is up-to-date as of May 22, 2023.