Detroit has the lowest barrier to homeownership in the U.S., with a 20% down payment savings time of just 2.53 years.

A RealtyHop report indicates Detroit has the lowest barrier to homeownership in the U.S., with buyers needing just 2.53 years to save a 20% down payment. The study evaluated the top 100 U.S. cities, considering median home prices and household incomes. In contrast, it could take up to 10.85 years in cities like New York. Other cities with low barriers include Cleveland, Baltimore, Buffalo, and Pittsburgh.

2 months ago
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