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What’s the average down payment on a house?

The average down payment on a house is far less than many first-time home buyers believe.

In fact, the median down payment on a home is only 13% according to the NAR. And for buyers aged 23 to 41, that drops to just 8-10 percent.

Many buyers put down even less. With some loan programs, it’s possible to make a down payment of three or even zero percent. Explore your options to see how much you need to put down on your new home loan.

Average down payment on a house in 2023
In its 2022 report, the National Association of Realtors (NAR) examined home purchase trends in the U.S. The NAR found the median down payment for all home buyers was 13 percent. But first-time buyers often prefer a smaller down payment and the average varies a lot by age group.

Median down payment on a house by age of buyer:

All buyers: 13%
22-31: 8%
32-41: 10%
42-56: 15%
57-66: 21%
67-75: 28%
76-96: 30%

Remember that these are only medians. Some buyers put down more, and others less. The right down payment for you will depend on your loan program and your financial goals.

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A few videos that might be helpful:
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