---
title: Can a college degree make it harder to buy a home?
description: Can a college degree make it harder to buy a home?
---

[Texas Secure Title Blog](https://blog.texassecuretitle.com/blog)

# [Can a college degree make it harder to buy a home?](https://blog.texassecuretitle.com/blog/can-a-college-degree-make-it-harder-to-buy-a-home)

 Written by [Texas Secure Title Company](https://blog.texassecuretitle.com/blog/author/texas-secure-title-company) | 8/10/15, 4:07 PM

According to a recent study by Trulia, in 30 out of the 100 top markets in the country, saving for a 20% down payment is actually faster without a college degree.

“In those markets, a household with a college degree isn’t making that much more than a household without,” says Ralph McLaughlin, Trulia’s housing economist. “The burden that student debt brings to a household with a college degree makes it slower to save for a down payment.”

A home is usually the biggest purchase a person will make, and Millennials have been notably shy when it comes to buying activity, with student loans being the obvious culprit. Mounting student loans can make it more difficult to save the cash necessary to make a down payment on a first home.

Countering expectations, Millennials without a college degree have a greater  
 ability to save for a down payment at least one year faster than college graduates  
 in Columbia, SC; El Paso, TX; Las Vegas, NV and Daytona Beach, FL.

California stands out as a big exception. Ranked seventh out of the 10  
 communities where it’s hardest to save for a down payment, those with a college  
 degree have a slight advantage. But while entry-level salaries are generally high,  
 the state has some of the highest home prices in the nation and they continue  
 to rise.

On the bright side, there are still many markets where saving for a down payment  
 can take a young person less than seven years, with or without a degree. Detroit  
 tops the list as the most inexpensive city, with an average wait time of 4.1 years for  
 buyers with a degree and 5.3 years for those without.

Source: http://money.cnn.com/2015/07/08/real\_estate/college-degree-buy-a-home/index.html?iid=Lead

[View full post](https://blog.texassecuretitle.com/blog/can-a-college-degree-make-it-harder-to-buy-a-home)

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