Number of years first-time homebuyers need for down payment in U.S. metros 2019

This statistic shows the number of years first-time homebuyers need to save for down payment in selected metros in the United States in 2019, by student debt status. In 2019, the typical first-time home buyer in Orlando, Florida needed 12.4 years to repay student loans and save ten percent of their income to put towards a down payment, whereas they only needed 8.7 years if they had no student debt.

Number of years first-time homebuyers need to save for down payment in selected metros in the United States in 2019, by student debt status

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Sources

Release date

May 2019

Region

United States

Survey time period

2019

Supplementary notes

The source looked at typical potential first-time home buyers with the following characteristics:
-between 24 and 44 years old
-earning the national average income of 65,879 U.S. dollars annually
-with the national average of 17,938 U.S. dollars in student debt

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