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Here's How Much Your Down Payment Will Be In These Greater Boston Suburbs

The general rule of thumb when it comes to down payments in the Boston area is twenty percent of the price. So that means, with home prices where they are today, you’re looking at upwards of $100,000 up front.

According to the average listing prices of market-rate houses currently for sale in suburbs, Arlington, Belmont, Cambridge, Lexington, Malden, Medford, Newton and Watertown we can extrapolate what an average downpayment costs in each.

First, the average listing price for houses (click the city to see the latest listings):

Arlington: $669,000

Belmont: $1,142,000

Cambridge: $1,375,000 

Lexington: $650,000 

Malden: $479,000

Medford: $539,000

Newton: $1,049,000

Watertown: $629,000

Now the down payments:

Arlington: $133,800

Belmont: $228,400

Cambridge: $275,000

Lexington: $130,000

Malden: $95,800

Medford: $107,800

Newton: $209,800

Watertown: $125,800

Keep in mind that these numbers are averages, so some will fall below and above. But on the whole if you’re looking to buy in any of these towns expect to be in these ballparks.

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