According to a new Redfin analysis, the average homebuyer’s down payment is down from last year, falling to $64,000 in March 2026, down 1.5% year-over-year. The average down payment was 15%, down from 16.1% in 2025.
Down payment percentages were highest in three California metros: San Jose, San Francisco and Anaheim, all at 25% each.
Down payments were lowest in Virginia Beach at 2% and Detroit at 5%, which are both considered affordable markets.
The data in the report is from an analysis of county records across 40 of the most populous U.S. metropolitan areas. March 2026 is the most recent month for which data is available.
