The average household would need to save for 36 years to afford a typical home in LA. Here's how 50 US markets compare.
Many potential homeowners struggle to make down payments.
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- A median-income household must make a $128,000 down payment to comfortably afford a typical US home.
- It takes about 12 years to save that, rising to 36 years for a down payment in pricey Los Angeles.
- We've used Zillow data to rank 50 major metro areas by the number of years of saving needed.
It would take 12 years for a median-income household to save up the...
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