According to data from various sources, the average down payment on a house varies depending on the type of buyer and the state of the market. Here are some key findings:

• The average first-time buyer pays about 6% of the home price for their down payment, while repeat buyers put down 17% .
• The median down payment amount for all homebuyers came in at 13% .
• The minimum down payment requirement for a conventional loan is 3%, while the minimum down payment for an FHA loan is 3.5% .
• The average down payment for a home varies quite a bit depending on the state you live in, which makes sense when you consider how widely housing prices vary nationwide.
• The average down payment in America is equal to about 6% of the borrower’s.
• The trend reflects the fact that buyers are less able — and/or less compelled — to put as much money into home offers as they were in 2022, according to a new report from Realtor.com. In the first three months of this year, the average down payment was 13% of the sale price, down from the peak at 14.1% in the second quarter of 2022.

Its important to note that theres no right or wrong answer when it comes to how much you need to have as a down payment to buy a house. The minimum down payment requirement for your loan type, your emergency fund, the condition of your home and how much you need to spend on repairs, how close you are to retirement, and your other debts are all factors to consider when deciding how much to put down.