Average years it takes a household to afford a mortgage down payment, by state
10% down payment for a 30-year fixed mortgage; As of May 31, 2023
6
8
10
12+
Green choropleth map showing the average years it takes a household to afford a 10% down payment on a 40-year fixed mortgage, by state, as of May 31, 2023. The U.S. average is 8.9 years, with states like Iowa being as low as 5.2 years and Hawaii as high as 18.4.
