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Millennial home buyers: share of income saved for down payment 2020

Published by Statista Research Department, Mar 18, 2021
According to a survey conducted in August and September 2020 in the United States, the majority of Millennials prospective house buyers (40 percent) declared that they save under ten percent of their monthly income for a mortgage down payment. Approximately one third of respondents said that they save between 10 and 20 percent.

Share of income saved for down payment by prospective Millennial home buyers in the United States in 2020

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Source

Release date

November 2020

Region

United States

Survey time period

August, 21 to September, 7, 2020

Number of respondents

6,780 respondents

Special properties

Prospective home buyers

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