The 10 Worst States for First-Time Home Buyers, Ranked

Moneywise ranked all 50 states based on the median price for houses in each respective state as provided by Zillow and the average down payment percentage of 13% according to the National Association of Realtors.

Hawaii

[{"selector":"#anim-57a8f2a6-2e05-4a8d-b700-86ad27cb18d5","keyframes":[{"transform":"rotate(-540deg) scale(0.1)","opacity":0},{"transform":"none","opacity":1}],"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both","iterations":1}] [{"selector":"#anim-4dd0d886-7def-4024-802d-fa17e9c7b4ee","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-90142447-87ae-4676-b09f-7ef7319fbdab","keyframes":{"transform":["translate3d(0px, -1504.21348%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-064afeb2-f82f-4863-b6b6-6ff970db7048","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0bf14295-ffc1-407a-94e0-ebb55892c1eb","keyframes":{"transform":["translate3d(0px, -439.8643%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

California

[{"selector":"#anim-993944f7-6a05-44b4-9c8c-8b9a645778c0","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f146b88f-0bb2-4669-bd45-a61161a5dd1f","keyframes":{"transform":["translate3d(0px, -1511.11014%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3f79c8db-ba1f-46f9-892e-74be1f3ce3d7","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f177e1a-cd98-4711-9425-aff9bb480d14","keyframes":{"transform":["translate3d(0px, -335.90641%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d84f6daf-e70f-4d40-ba9b-54c01c8253f3","keyframes":[{"transform":"rotate(-540deg) scale(0.1)","opacity":0},{"transform":"none","opacity":1}],"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both","iterations":1}] California follows closely with an average down payment requirement of $98,904.00, California is home to one of the most desirable real estate markets in the world with its links to the opulent entertainment industry, the median home value is $760,800. Learn more

Washington

[{"selector":"#anim-e9370472-c767-4a27-8e0f-ff4eb5a71aa9","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-05bc7418-ddf8-4109-b4d2-75923f1dd154","keyframes":{"transform":["translate3d(0px, -1518.00659%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-10b878ae-f5d0-4b06-92b8-6c1d2500b2d4","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-361b6628-8977-4009-a6ea-9f28b1621183","keyframes":{"transform":["translate3d(0px, -346.02307%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d0f3dec3-1f6b-4f90-acaf-9308d5afcd69","keyframes":[{"transform":"rotate(-540deg) scale(0.1)","opacity":0},{"transform":"none","opacity":1}],"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both","iterations":1}] Learn more

Colorado/Massachusetts

[{"selector":"#anim-d7141908-8f00-40d7-b92e-927c66924078","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a90963d5-3e93-40df-b250-9394d1d3e2ba","keyframes":{"transform":["translate3d(0px, -1507.66192%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e6cdda80-8973-4f5f-81a2-ffea25e2e15b","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0e552a4c-076c-4273-8efb-56e4d4f4c56d","keyframes":{"transform":["translate3d(0px, -397.48153%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-613c2c57-3037-4992-b332-b2daa2c1237e","keyframes":[{"transform":"rotate(-540deg) scale(0.1)","opacity":0},{"transform":"none","opacity":1}],"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both","iterations":1}] Learn more

Median home value: $544,868 Average down payment (13%): $70,832.84

[{"selector":"#anim-812af62e-6df4-48b9-ad90-062eefdef9c6","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83e7cb62-2142-4970-8e0e-cef3fccf2262","keyframes":{"transform":["translate3d(0px, -673.36182%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd6d40fa-e908-4ca2-a206-43b37dbc75b9","keyframes":[{"transform":"rotate(-540deg) scale(0.1)","opacity":0},{"transform":"none","opacity":1}],"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both","iterations":1}] [{"selector":"#anim-90639ca0-a25d-4184-a66b-1d80a02b1e09","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-72b25e10-12df-4437-bb10-7502e837fe7b","keyframes":{"transform":["translate3d(0px, -1507.66192%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

SWIPE UP TO READ MORE!

[{"selector":"#anim-82ac2b0d-ceec-4052-a89d-40e436ed0d56","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15ce1471-e501-4e97-bda7-64a57039cedf","keyframes":{"transform":["translate3d(0px, 172.40479%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Swipe Up!

The 10 Worst States for First-Time Home Buyers, Ranked

Moneywise ranked all 50 states based on the median price for houses in each respective state as provided by Zillow and the average down payment percentage of 13% according to the National Association of Realtors.

Hawaii

First-time home buyers in Hawaii face the highest hurdle, requiring an average down payment of $110,360.38 to secure a home.

1

California

2

Washington

While Washington takes third place with an average down payment of $77,445.16, the state's median home value of $595,732 presents a significant financial hurdle for first-time homebuyers.

3

Colorado/Massachusetts

Colorado and Massachusetts bottom out the top five worst states for first-time buyers, with average down payment requirements of $72,778.94 and $72,710.56, respectively.

4

Median home value: $544,868 Average down payment (13%): $70,832.84

Utah

5

SWIPE UP TO READ MORE!

10 Worst Red Flags You Should Watch Out for When You First Start Dating

Visit maxmymoney.org!

10 Life-Changing Things People Wished They’d Known About Sooner