Home Affordability in Dayton, OH
The median home price in Dayton is $110,000 with a median household income of $33,275. Housing is relatively affordable compared to local incomes.
Median Home Price
$110,000
Median Income
$33,275
Price-to-Income Ratio
3.3x
Est. Affordable Home
$129,000
Property Tax Rate
1.90%
Annual Property Tax
$2,090
Sales Tax Rate
7.50%
Cost of Living Index
80
Buying a Home in Dayton
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $33,275 in Dayton can afford a monthly housing payment of approximately $776. This translates to a home price of roughly $129,000, which is at or above the median home price — the typical home is within reach for a median-income household.
Property taxes on a median-priced home in Dayton would be approximately $2,090 per year ($174/month) at the effective rate of 1.90%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $3,300 | $106,700 | Yes |
| 5% | $5,500 | $104,500 | Yes |
| 10% | $11,000 | $99,000 | Yes |
| 20% | $22,000 | $88,000 | No |
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