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According to Zillow, the average home price in July 2019 was $243,639.
Five years later, that average has skyrocketed to $361,433.
This means the standard 20% down payment for the average American house is now a whopping $72,287.
The same is true even in Norfolk, themost expensive affordable market.
Meanwhile, your monthly payment would go up by just $263.
Also see 50 of the safest and most affordable cities to live in.
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