Here's how many years it takes to save for a 20% down payment on a home in 12 major US cities
Columbus: It takes 12 years to save up for a 20% down payment on a median-priced home in Columbus, Ohio.
Dallas: It takes 14 years to save up for a 20% down payment on a median-priced home in Dallas, Texas.
The median home value in Dallas is $182,000. Prospective buyers who earn the city's average annual household income of $50,ooo must save $2,500 per year for 14 years in order to afford a 20% down payment.
Source: Unison
Philadelphia: It takes 14 years to save up for a 20% down payment on a median-priced home in Philadelphia, Pennsylvania.
The median home value in Philadelphia is $159,000. Prospective buyers who earn the city's average household income of $45,ooo must save $2,200 per year for 14 years in order to afford a 20% down payment.
Source: Unison
Minneapolis: It takes 17 years to save up for a 20% down payment on a median-priced home in Minneapolis, Minnesota.
The median home value in Minneapolis is $251,000. Prospective buyers who earn the city's average annual household income of $60,ooo must save $3,000 per year for 17 years in order to afford a 20% down payment.
Source: Unison
Phoenix: It takes 17 years to save up for a 20% down payment on a median-priced home in Phoenix, Arizona.
The median home value in Phoenix is $219,000. Prospective buyers who earn the city's average annual household income of $53,ooo must save $2,600 per year for 17 years in order to afford a 20% down payment.
Source: Unison
Chicago: It takes 19 years to save up for a 20% down payment on a median-priced home in Chicago, Illinois.
The median home value in Chicago is $261,000. Prospective buyers who earn the city's average annual household income of $56,ooo must save $2,700 per year for 19 years in order to afford a 20% down payment.
Source: Unison
San Diego: It takes 31 years to save up for a 20% down payment on a median-priced home in San Diego, California.
The median home value in San Diego is $596,000. Prospective buyers who earn the city's average annual household income of $76,ooo must save $3,800 per year for 31 years in order to afford a 20% down payment.
Source: Unison
Miami: It takes 36 years to save up for a 20% down payment on a median-priced home in Miami, Florida.
The median home value in Miami is $315,000. Prospective buyers who earn the city's average annual household income of $35,ooo must save $1,700 per year for 36 years in order to afford a 20% down payment.
Source: Unison
New York City: It takes 36 years to save up for a 20% down payment on a median-priced home in New York City, New York.
The median home value in New York City is $558,000. Prospective buyers who earn the city's average annual household income of $62,ooo must save $3,100 per year for 36 years in order to afford a 20% down payment.
Source: Unison
San Francisco: It takes 40 years to save up for a 20% down payment on a median-priced home in San Francisco, California.
The median home value in San Francisco is $1 million. Prospective buyers who earn the city's average annual household income of $102,ooo must save $5,100 per year for 40 years in order to afford a 20% down payment.
Source: Unison
Honolulu: It takes 40 years to save up for a 20% down payment on a median-priced home in Honolulu, Hawaii.
The median home value in Honolulu is $718,000. Prospective buyers who earn the city's average annual household income of $71,ooo must save $3,600 per year for 40 years in order to afford a 20% down payment.
Source: Unison
Los Angeles: It takes 43 years to save up for a 20% down payment on a median-priced home in Los Angeles, California.
The median home value in Los Angeles is $623,000. Prospective buyers who earn the city's average annual household income of $58,ooo must save $2,900 per year for 43 years in order to afford a 20% down payment.
Source: Unison
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