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.