The Typical Down Payment for a Home Purchase in Each State


There’s great diversity in the housing market across the United States. Each state’s mean house down payment tells a story about its unique economic factors, urban dynamics, and geographic features. This is that story.

Alabama: $7,198

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The standard initial deposit for houses in Alabama results from relatively affordable real estate options in places like Birmingham, Huntsville, and Mobile. These cities offer a range of property choices at various price points, catering to different income levels and preferences.

Alaska – $18,162

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Alaska’s average house down payment of $18,162 reflects the housing market conditions and high living costs in places like Anchorage and Juneau. The state’s remote location, limited land availability, and harsh climate add to the expenses associated with homeownership.

Arizona: $30,703

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Several factors influence the typical deposits for houses in Arizona. Urban growth in towns like Phoenix and Tucson has increased property demand. Additionally, Arizona’s popularity as a retirement destination has contributed to real estate needs and pricing.

Arkansas – $11,603

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Arkansas has a mean house down payment of $11,603, which results from the state’s comparatively low housing costs. Compared to other states, Arkansas offers more inexpensive accommodation choices, making it possible for homebuyers to make smaller deposits.

California – $85,119

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The astronomical housing costs in California’s megacities, such as San Francisco, Los Angeles, and Silicon Valley, significantly impact the average down payment. Limited housing supply, strong demand, and desirable climate have resulted in median home rates well above the national average.

Colorado – $66,062

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Urban centers like Denver and Boulder influence the typical house down payment in Colorado. Denver has seen a population surge and housing demand, and Boulder has experienced rapid appreciation in real estate costs, contributing to larger upfront payments.

Connecticut – $44,033


Connecticut’s average house deposit of $44,033 reflects the high cost of living in places like Stamford and Hartford. The former is known for its robust financial sector, while the latter has its economic significance, contributing to property costs.

Delaware – $36,052


Delaware’s overall house down payment of $36,052 describes the real estate sector within the state. Wilmington, its largest city, offers a mix of suburban neighborhoods. These locations often require more upfront payments due to increased property values and demand.

Florida – $33,411

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Factors like tourism and retirement communities impact first installments for houses in Florida. The state’s real estate market provides beachfront condos to suburban neighborhoods and rural properties. The influx of tourists and retirees also impacts housing demand and values appreciably.

Georgia – $15,266

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A city like Atlanta influences Georgia’s initial installment of $15,266. In recent years, Atlanta, the state’s capital and largest metropolis, has experienced a rapid spike in population, leading to an increased hunt for residence, higher home costs, and standard down payments.

Hawaii – $44,440


Hawaii’s advance installment of $44,440 is considerably affected by the state’s unique economic and geographic factors. Hawaii has one of the highest living costs in the United States, which translates directly into higher property rates.

Idaho – $61,067

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Advance payment in Idaho is influenced by the state’s growing housing market, particularly in a city like Boise. Boise, the capital city, has experienced considerable population growth and economic development, leading to increased demand for accommodations and home prices.

Illinois – $27,963

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Initial deposits in Illinois reflect a mix of urban and suburban property markets. Down payments tend to be larger in Chicago, where the space can be competitive. The opposite is true of Chicago suburbs with their low housing prices.

Indiana – $16,430


Urban and rural dynamics influence Indiana’s average house down payment of $16,430. Indianapolis, the state capital, has diverse housing options and moderately higher home quotations than Indiana’s rural communities.

Iowa – $27,395


Iowa’s initial commitment of $27,395 reflects the state’s unique living environments. Municipalities like Des Moines, the state capital, and Cedar Rapids contribute to a portion of these relatively heightened charges compared to more rural regions.

Kansas – $15,353

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Many factors are responsible for Kansas’s typical upfront payment of $15,353. Places like Wichita, the state’s largest city, witness amplified home costs and higher first installment averages. The opposite is true of the more rural regions.

Kentucky – $15,337


Kentucky’s initial deposit reflects the state’s reasonably affordable housing market, particularly in Louisville and Lexington. Despite being urban centers, these cities offer a comparatively lower cost of living and smaller down payments for prospects in Kentucky.

Louisiana – $6,729


Louisiana’s diverse real estate space, particularly in municipalities like New Orleans and Baton Rouge, affects its average down payment. These urban centers offer a mix of budget-friendly neighborhoods and higher-priced realty.

Maine – $28,850


Coastal regions in Maine often have superior property values, resulting in more extensive deposits. The countryside, however, may offer more economical accommodation options with lower upfront commitment requirements. Portland, Maine’s largest city, provides a balance of urban amenities and suburban neighborhoods.

Maryland – $25,368


Maryland’s general house down payment demonstrates the high cost of living in towns like Baltimore. The housing markets in these districts have added to home values compared to other parts of the state, resulting in larger first installments.

Massachusetts – $86,592

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This high first-time deposit in Massachusetts results from the expensive property market in Boston and surrounding regions. Boston, the state’s capital and economic hub, experiences robust demand for living space due to its economy, prestigious universities, and cultural attractions.

Michigan – $20,637

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Critical towns like Detroit and the state’s strong manufacturing economy affect Michigan’s average initial deposit. In Detroit, where residence rates can vary widely, the down payment remains cost-effective, and this remains a significant consideration for prospective homebuyers.

Minnesota – $37,685

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Significant areas like Minneapolis and St. Paul, Minnesota, drive up the cost of homes, leading to higher upfront commitment. These regions offer diverse job opportunities and a high quality of life, attracting clients and contributing to the competitive real estate market.

Mississippi – $6,064


Mississippi provides comparatively reasonable boarding options in Jackson, Gulfport, and the hinterlands. Compared to some states, Mississippi’s home market tends to offer lower values, making homeownership more accessible to residents.

Missouri – $15,260


The mean first-time deposit in Missouri affects urban centers like St. Louis and Kansas City, where investors can access a range of low-cost property choices. Both districts offer a mix of home styles catering to various budgets.

Montana – $72,290

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Townships like Billings and Missoula, while less densely populated than major localities in other states, still contribute to real estate market dynamics. These places often have increased housing prices compared to surrounding rural communities, impacting home costs.

Nebraska – $21,375


Omaha and Lincoln are two cities responsible for Nebraska’s somewhat low-cost properties. Both towns have diverse real estate that caters to various budgets, providing homebuyers with multiple alternatives.

Nevada – $32,295


The upfront deposit in Nevada stems from cities like Las Vegas and Reno, famous for their varied home options. Resort communities like Lake Tahoe also attract both residents and vacation home buyers.

New Hampshire – $61,449


Manchester and Nashua, two of the largest states in New Hampshire, are partly responsible for the average down payment amount. They both have relatively high living costs, affecting boarding prices.

New Jersey – $64,671


New Jersey’s average house deposit is a product of the state’s high cost of living in regions like Newark and Jersey City. These urban centers experience high demand and low supply of homes, leading to competitive pricing.

New Mexico – $19,624

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City centers like Albuquerque and Santa Fe affect New Mexico’s average down payments. Albuquerque’s affordable neighborhoods, upscale communities, and Santa Fe’s historic charm and cultural significance present a mix of accommodation opportunities for different budgets.

New York – $49,150

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The high initial installment in New York illustrates the state’s expensive real estate market, particularly in districts like New York City, where home rates are among the highest in the country.

North Carolina – $27,667

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Charlotte and Raleigh, two of North Carolina’s urban centers, have increased home costs and more competitive real estate markets. These towns attract a number of prospects due to job opportunities and amenities, contributing to the heightened first-time deposit.

North Dakota – $21,536

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North Dakota’s economy, primarily driven by agriculture, energy production, and manufacturing, significantly affects the typical first-time payment. Economic stability and job opportunities contribute to residents’ ability to afford the cost of homes.

Ohio – $14,588

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Columbus, Cleveland, and Cincinnati offer a range of residence choices at moderately accessible prices, allowing buyers to allocate a smaller portion of their savings towards down payments.

Oklahoma – $13,478


The presence of industries such as energy, aerospace, and agriculture in the state’s urban and rural areas affects asset demand and pricing. However, Oklahoma generally experiences lower property costs than more densely populated states. 

Oregon – $52,250

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Oregon’s conurbations have experienced significant population growth recently, leading to increased demand for estate and, subsequently, heightened home values. Also, coastal communities contribute to the additional average down payment, as waterfront properties and desirable coastal living attract wealthy home buyers.

Pennsylvania – $22,697

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In Philadelphia and Pittsburgh, two of Pennsylvania’s urban centers, there’s a high demand for accommodation, contributing to the higher upfront installment. However, in the vast suburbs, housing is more wallet-friendly, and initial deposits may be smaller.

Rhode Island – $47,467


Rhode Island cities like Providence and Newport face limited property supply and high demand. Providence is a hub for commerce, and Newport is a destination for homebuyers seeking a coastal lifestyle. These factors invariably affect the mean advance installment.

South Carolina – $21,092


Charleston and Columbia, localities in South Carolina, contribute to higher initial payments due to increased asset demand and superior property values. Both places often attract buyers willing to invest more in their homes to secure desirable locations and amenities.

South Dakota – $34,166

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South Dakota benefits from relatively cheap real estate alternatives in the hinterlands and towns like Sioux Falls and Rapid City. These metropolitan areas provide opportunities for customers to purchase properties at lower prices, thus requiring smaller upfront payments.

Tennessee – $23,151

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Tennessee’s average initial deposit aligns with its comparatively low-cost housing market. Cities like Nashville and Memphis offer a range of options at various price points, contributing to a manageable upfront payment compared to states with amplified property costs.

Texas – $20,188


Texas boasts a relatively affordable real estate market compared to many coastal states, and this contributes to lower first-time deposits. Places like Houston, Dallas, and Austin offer varieties of homes at varying price points, catering to different budgets and preferences.

Utah – $39,782


Utah’s property market in cityscapes like Salt Lake City and Provo is highly competitive. The influx of new residents due to Utah’s appeal as a destination for outdoor enthusiasts, coupled with limited land supply, has contributed to heightened home rates.

Vermont – $43,600

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Vermont is known for its rural living preferences, with many residents opting for a lifestyle away from urban centers. The state, however, faces a limited property supply, particularly in localities like Burlington. All these factors drive up the advance deposit requirement.

Virginia – $28,088


Towns like Richmond and Virginia Beach contribute to this mean value in several ways. Richmond boasts a mix of historic properties and modern developments, while Virginia Beach attracts residents with its coastal lifestyle and tourism industry, thus impacting down payment averages.

Washington – $69,389


Housing in Washington is affected by cities like Seattle, whose robust economy, driven by tech giants like Amazon and Microsoft, has led to increased real estate demand. As a result, prospects need to make more significant upfront deposits to afford homes.

West Virginia – $6,853

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The average house deposit is comparatively economical in areas like Charleston and Morgantown, which offer several housing options. Still, despite being a predominantly rural state, West Virginia has some urban centers with high home charges.

Wisconsin – $28,846

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Wisconsin’s diverse property market encompasses both urban centers like Milwaukee and rural areas. In the city centers, homebuyers may need larger down payments to secure a mortgage. Conversely, in rural fronts, first installments are smaller.

Wyoming – $26,900

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Wyoming’s economy is reliant on the energy sector, and fluctuations in energy prices can impact employment rates, which in turn affects individuals’ purchasing power. Also, a preference for rural living can lower housing costs, contributing to a lower down payment.


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