This Is How Many Years It Would Take You to Save for a Down Payment in an Average U.S. House in 2023

This Is How Many Years It Would Take You to Save for a Down Payment in an Average U.S. House in 2023

According to the U.S. Census Bureau (as reported by the Federal Reserve Bank of St. Louis), the average cost of a U.S. home in Q4 2022 was $535,800. However, your monthly mortgage payment will be higher with a smaller down payment, so you will need to take that into account.