Why does down payment vary across New York?

Home prices vary widely; a 12% down payment scales with the local median. Owner financing often accepts less.

Yes, owner-finance deals commonly land in the 10-20% range. Conventional underwriting usually wants 20% to avoid PMI.

Can I find lower-down options?

Browse low-down-payment homes by city, many owner-finance and lease-option deals sit under 10%.

Buyer authority NY

Estimated owner-finance down payment by city in New York.

Down payments scale with home prices but flex by financing type. This ranks New York cities by an estimated typical down payment on an owner-financed or low-down deal (12% of estimated median home value). This is a modeled directional comparison, not a survey of actual closings.

Last updated September 2026

New York ranking

50 cities ranked. Click any row for the matching local page.

#	City	Est. typical down payment	Score
1	New York	$98,000	0	View →
2	Scarsdale	$117,200	0	View →
3	Garden City	$97,600	0	View →
4	Syosset	$99,600	0	View →
5	Manhasset	$113,200	0	View →
6	Rye	$116,300	0	View →
7	Larchmont	$111,400	0	View →
8	Chappaqua	$120,200	0	View →
9	Glen Head	$102,400	0	View →
10	Roslyn	$103,700	0	View →
11	Pelham	$103,100	0	View →
12	Katonah	$99,200	0	View →
13	Briarcliff Manor	$100,800	0	View →
14	Woodbury	$99,500	0	View →
15	Armonk	$124,100	0	View →
16	Irvington	$98,800	0	View →
17	Jericho	$97,300	1	View →
18	Oyster Bay	$93,700	5	View →
19	Woodmere	$92,600	6	View →
20	Port Washington	$91,400	7	View →
21	Huntington	$91,000	8	View →
22	Great Neck	$89,400	10	View →
23	East Setauket	$88,800	10	View →
24	Pleasantville	$88,900	10	View →
25	Merrick	$88,100	11	View →
26	Hastings On Hudson	$87,500	12	View →
27	Pittsford	$86,600	13	View →
28	New City	$85,600	14	View →
29	Plainview	$85,300	14	View →
30	Rockville Centre	$84,800	15	View →
31	Northport	$84,500	15	View →
32	Melville	$84,800	15	View →
33	Roslyn Heights	$84,700	15	View →
34	Stony Brook	$83,600	16	View →
35	Harrison	$83,500	16	View →
36	Lawrence	$84,000	16	View →
37	Hewlett	$83,900	16	View →
38	Wantagh	$82,700	17	View →
39	Bronxville	$83,000	17	View →
40	Smithtown	$81,500	18	View →
41	Yorktown Heights	$81,700	18	View →
42	New Rochelle	$80,500	19	View →
43	White Plains	$80,500	19	View →
44	Huntington Station	$81,100	19	View →
45	Commack	$81,200	19	View →
46	West Harrison	$80,500	19	View →
47	Massapequa	$80,300	20	View →
48	Bellmore	$79,700	20	View →
49	East Northport	$80,000	20	View →
50	Mount Kisco	$80,000	20	View →

Methodology

Estimated down = 12% of estimated median home value (representative of owner-financed and low-down deals). Conventional loans typically require 20%; FHA can be 3.5%. Use as a directional comparison.

FAQ

Why does down payment vary across New York?: Home prices vary widely; a 12% down payment scales with the local median. Owner financing often accepts less.
Is 12% realistic?: Yes, owner-finance deals commonly land in the 10-20% range. Conventional underwriting usually wants 20% to avoid PMI.
Can I find lower-down options?: Browse low-down-payment homes by city, many owner-finance and lease-option deals sit under 10%.