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It’ll take 65 years to save for a down payment in NYC — but less than 4 in this popular city, new data shows

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It’ll take 65 years to save for a down payment in NYC — but less than 4 in this popular city, new data shows
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Real Estate exclusive It’ll take 65 years to save for a down payment in NYC — but less than 4 in this popular city, new data shows By Mary K. Add The New York Post on Google Aspiring homeowners in the Big Apple better get comfortable renting. Your average New Yorker would need a staggering 65 years to scrape together the median down payment for a first home, according to a new analysis from Rocket Mortgage, while buyers in parts of the Midwest can hit that same milestone in under four years.

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Real Estate exclusive It’ll take 65 years to save for a down payment in NYC — but less than 4 in this popular city, new data shows By Mary K. Jacob Published June 30, 2026, 4:47 p.m. ET (function() { var overlay = document.getElementById("jw-player-lcp-overlay"); if (!overlay) { return; } function hideOverlay() { overlay.remove(); } function afterDCL() { requestAnimationFrame(hideOverlay); } if (document.readyState === "loading") { document.addEventListener("DOMContentLoaded", afterDCL, { once: true }); } else { afterDCL(); } })(); See more of our coverage in your search results. Add The New York Post on Google Aspiring homeowners in the Big Apple better get comfortable renting.

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