Down Payment in Bay Area Buys Whole House Elsewhere

Down payment in San Jose just $180 less than national median home value
By Michael Harthorne,  Newser Staff
Posted Jan 17, 2017 12:06 PM CST
A buyer walks into a open house in San Jose, Calif.   (AP Photo/ Tony Avelar)

(Newser) – Home prices in the Bay Area are some of the most out of control in the nation—and new figures from Zillow show just how out of control they've gotten. A median down payment of 20% on a house in metro San Jose is now $192,320, the Mercury News reports. That would get you the whole house elsewhere in the country. The national median value of a home is $192,500; it's $961,600 in San Jose. (Read more real estate stories.)

My Take on This Story
Show results without voting  |