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Home / News / Renters spend nearly six and a half years saving for a down payment  (access required)

Renters spend nearly six and a half years saving for a down payment  (access required)

Renters can expect to spend nearly six and a half years saving for a 20 percent down payment on a home, according to a new HotPads® analysis. The median home value in the U.S. is $216,000, which means a 20 percent down payment would be $43,200. If a renter making the median income saves 20 percent ...

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