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What is the average down payment on a house?

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Most people have to borrow money to buy a house. But they still have to have some cash on hand for the down payment. There's lots of conflicting information about what the size of your down payment should be. SmartAsset looks into the typical down payment for a home purchase. read more

The average down payment amount on a home is dependent on the type of loan and cost of the home. The benchmark is 20% of the home value. read more

SmartAsset looks into the typical down payment for a home purchase. Mortgage Trends Data released by the National Association of Realtors shows that in 2012, 87% of home buyers used mortgage financing. read more

Priciest Counties Average 24 Percent Down. The 25 highest priced counties experienced the highest average down payment of 24 percent, according to Realty Trac's 2014 study of 1.5 million purchase loans. In the top five priciest counties, the average down payment ranged from approximately 38 percent to 28 percent. read more

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The average net worth of the lower half of the distribution, representing 62 million households, was $11,000 in 2013. About one-fourth of these families reported zero wealth or negative net worth, and a significant fraction of those said they were '‘underwater' on their home mortgages, owing more than the value of the home. This $11,000 average is 50% lower than the average wealth of the lower half of families in 1989, adjusted for inflation.
Source: quotemaster.org