Save for a Condo in Less Than 10 Years as a Solo Buyer in These Cities

Saving for a 20% down payment on your own can be challenging, but choosing a condo apartment could accelerate your savings timeline. Assuming an average savings balance of $20,540 and an annual savings rate of 10%, it would take a solo buyer less than 10 years to accumulate the 20% down payment in 45 cities.

Median condo prices were sourced from the National Association of Realtors using Q4 2024 data. For Denver, Detroit, Orlando, Raleigh, Sacramento, San Antonio, and St. Louis, data was obtained from local real estate boards. Median incomes for non-family households were sourced from the U.S. Census Bureau.
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