The typical owner-occupied home in Dayton is worth about $163,500, 20% below the Kentucky median of $205,600 and 51% below the national median of $332,700. Owners pay a median $2,137 a year in property taxes, about 1.31% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $65,992 a year, so the median home costs 2.5 times the median income (3.2 times for Kentucky). 57% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Dayton at a glance
| Dayton | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $163,500 | $205,600 | $332,700 |
| Median property tax paid per year | $2,137 | $1,544 | $3,119 |
| Property tax as a share of value | 1.31% | 0.75% | 0.94% |
| Median household income | $65,992 | $63,726 | $80,734 |
| Homes lived in by their owners | 57% | 68% | 65% |
| Owner homes with a mortgage | 72% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,284 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 16.6% | 18.8% | 21.0% |
| Median rent | $1,137 | $967 | $1,413 |
| Rent as a share of renters' income | 32.2% | 28.1% | 30.6% |
| Median year homes were built | 1943 | 1982 | 1980 |
| Vacant homes | 9.8% | 10.3% | 10.1% |
| Population | 5,743 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Dayton
At this week's average 30-year rate of 7.11%, buying the median Dayton home of $163,500 with 20% down costs about $1,127 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,399, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $48,279 for the 20%-down payment. That payment is 20% of the median Dayton household income of $65,992; at that income and 20% down, the 28% guideline points to a home of about $223,000.
The median rent here is $1,137 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $32,700 |
|---|---|
| Loan amount | $130,800 |
| Principal and interest | $880 |
| Property taxes (1.31% a year) | $178 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,127 |
Change the numbers in the calculator
| Down payment | $5,722 |
|---|---|
| Loan amount | $160,539 |
| Principal and interest | $1,080 |
| Property taxes (1.31% a year) | $178 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $72 |
| Total per month | $1,399 |
Change the numbers in the calculator
Questions about home buying in Dayton
What is the median home value in Dayton?
About $163,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dayton?
Homeowners pay a median $2,137 a year, which is about 1.31% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Dayton?
For the median home with 20% down at 7.11%, the payment is about $1,127 a month. Keeping that under 28% of gross income takes about $48,279 a year.
More about Dayton
- Mortgage Refinance in Dayton
- Debt Relief in Dayton
- Home Equity Loans in Dayton
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data