Home / Rankings / Best for Low Down Payment Best States to Buy a Home with a Low Down Payment (2026) A lower home price means a smaller down payment in absolute dollars. On a $175,000 home, 3.5% down is just $6,125 compared to $27,475 on a $785,000 home. Combine affordable prices with state-sponsored down payment assistance and these states become the most accessible for buyers with limited savings.
1
$155,000
Median Home Price
2
$175,000
Median Home Price
3
Arkansas Median: $195K Tax: 0.62% Insurance: $2,500/yr
$195,000
Median Home Price
4
Louisiana Median: $195K Tax: 0.55% Insurance: $3,500/yr
$195,000
Median Home Price
5
Iowa Median: $210K Tax: 1.52% Insurance: $1,800/yr
$210,000
Median Home Price
6
Kentucky Median: $210K Tax: 0.83% Insurance: $2,400/yr
$210,000
Median Home Price
7
Oklahoma Median: $210K Tax: 0.88% Insurance: $3,600/yr
$210,000
Median Home Price
8
Ohio Median: $215K Tax: 1.56% Insurance: $1,400/yr
$215,000
Median Home Price
9
Kansas Median: $225K Tax: 1.41% Insurance: $2,900/yr
$225,000
Median Home Price
10
Alabama Median: $230K Tax: 0.41% Insurance: $1,950/yr
$230,000
Median Home Price
11
Missouri Median: $235K Tax: 0.97% Insurance: $2,200/yr
$235,000
Median Home Price
12
Indiana Median: $240K Tax: 0.84% Insurance: $1,700/yr
$240,000
Median Home Price
13
Michigan Median: $240K Tax: 1.54% Insurance: $1,800/yr
$240,000
Median Home Price
14
Nebraska Median: $245K Tax: 1.73% Insurance: $2,800/yr
$245,000
Median Home Price
15
$255,000
Median Home Price
16
Illinois Median: $270K Tax: 2.07% Insurance: $1,900/yr
$270,000
Median Home Price
17
New Mexico Median: $280K Tax: 0.8% Insurance: $1,900/yr
$280,000
Median Home Price
18
$280,000
Median Home Price
19
Wisconsin Median: $280K Tax: 1.76% Insurance: $1,300/yr
$280,000
Median Home Price
20
$295,000
Median Home Price
21
$305,000
Median Home Price
22
Texas Median: $310K Tax: 1.8% Insurance: $3,800/yr
$310,000
Median Home Price
23
Minnesota Median: $335K Tax: 1.12% Insurance: $2,100/yr
$335,000
Median Home Price
24
Georgia Median: $340K Tax: 0.92% Insurance: $2,200/yr
$340,000
Median Home Price
25
$340,000
Median Home Price
26
Tennessee Median: $340K Tax: 0.56% Insurance: $2,400/yr
$340,000
Median Home Price
27
Wyoming Median: $340K Tax: 0.61% Insurance: $1,800/yr
$340,000
Median Home Price
28
Alaska Median: $350K Tax: 1.19% Insurance: $1,400/yr
$350,000
Median Home Price
29
Maine Median: $350K Tax: 1.3% Insurance: $1,300/yr
$350,000
Median Home Price
30
Delaware Median: $355K Tax: 0.56% Insurance: $1,300/yr
$355,000
Median Home Price
31
Arizona Median: $380K Tax: 0.62% Insurance: $2,100/yr
$380,000
Median Home Price
32
Vermont Median: $380K Tax: 1.9% Insurance: $1,100/yr
$380,000
Median Home Price
33
Florida Median: $395K Tax: 0.86% Insurance: $4,200/yr
$395,000
Median Home Price
34
Virginia Median: $400K Tax: 0.82% Insurance: $1,700/yr
$400,000
Median Home Price
35
$405,000
Median Home Price
36
Idaho Median: $420K Tax: 0.63% Insurance: $1,600/yr
$420,000
Median Home Price
37
Maryland Median: $420K Tax: 1.09% Insurance: $1,700/yr
$420,000
Median Home Price
38
Nevada Median: $425K Tax: 0.53% Insurance: $1,700/yr
$425,000
Median Home Price
39
$425,000
Median Home Price
40
Montana Median: $430K Tax: 0.74% Insurance: $2,100/yr
$430,000
Median Home Price
41
$430,000
Median Home Price
42
New York Median: $430K Tax: 1.72% Insurance: $2,100/yr
$430,000
Median Home Price
43
Oregon Median: $480K Tax: 0.93% Insurance: $1,400/yr
$480,000
Median Home Price
44
Utah Median: $480K Tax: 0.58% Insurance: $1,200/yr
$480,000
Median Home Price
45
New Jersey Median: $505K Tax: 2.47% Insurance: $1,500/yr
$505,000
Median Home Price
46
Colorado Median: $520K Tax: 0.51% Insurance: $3,200/yr
$520,000
Median Home Price
47
Washington Median: $580K Tax: 0.98% Insurance: $1,600/yr
$580,000
Median Home Price
48
$595,000
Median Home Price
49
California Median: $785K Tax: 0.73% Insurance: $2,200/yr
$785,000
Median Home Price
50
Hawaii Median: $830K Tax: 0.28% Insurance: $1,200/yr
$830,000
Median Home Price
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