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Slideshow: See how long it takes for single or married homebuyers to save to afford down payment

Slideshow: See how long it takes for single or married homebuyers to save to afford down payment

A single homebuyer would need to save almost 11 years to reach a 20 percent down payment on a typical home.

A recent analysis by Zillow combined home values and income data from Census to estimate how long it would take for both an individual and couple, earning the median income in their respective metro area, to save for a 20 percent down payment on the median-priced home, assuming they saved 10 percent of their income every year, according to a news release.

Single buyers have a smaller budget…

Source: http://feeds.bizjournals.com/industry_21

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