In Delaware, down payments grew by more than 38% to $49,000 for the typical home.
In 2024, down payments in the U.S. reached their highest point in recorded history, but this varies greatly depending on the region, according to real estate marketing platform Realtor.com. In-demand Northeast and Midwest markets saw higher down payments in 2024, while many markets in the South saw down payments fall. For instance, Delaware saw down payments grow by 38.6% annually to $49,000. Overall, states that saw the most down payment growth recorded typical down payments of between 21.5% and 28.6%. Meanwhile, Texas and Florida watched down payments drop the most. In these states, down payments fell by 16.5% and 14.1%, respectively.
Many of the states where down payments have fallen are in the South and West. Other states that boomed during the pandemic, such as Montana, Wyoming, Tennessee, and North Carolina, have experienced a similar softening. Only eight of the 50 states saw down payments fall in 2024.Read more
