The typical owner-occupied home in Dayton is worth about $496,600, 9% above the New Jersey median of $454,400 and 49% above the national median of $332,700. Owners pay a median $9,399 a year in property taxes, about 1.89% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $151,902 a year, so the median home costs 3.3 times the median income (4.4 times for New Jersey). 88% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Dayton at a glance
| Dayton | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $496,600 | $454,400 | $332,700 |
| Median property tax paid per year | $9,399 | $9,590 | $3,119 |
| Property tax as a share of value | 1.89% | 2.11% | 0.94% |
| Median household income | $151,902 | $103,556 | $80,734 |
| Homes lived in by their owners | 88% | 64% | 65% |
| Owner homes with a mortgage | 69% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $3,288 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 22.9% | 21.0% |
| Median rent | $2,199 | $1,720 | $1,413 |
| Rent as a share of renters' income | 27.7% | 30.9% | 30.6% |
| Median year homes were built | 1988 | 1970 | 1980 |
| Vacant homes | 1.6% | 7.5% | 10.1% |
| Population | 7,952 | 9,343,809 | 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 $496,600 with 20% down costs about $3,662 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,489, 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 $156,925 for the 20%-down payment. That payment is 29% of the median Dayton household income of $151,902; at that income and 20% down, the 28% guideline points to a home of about $481,000.
The median rent here is $2,199 a month, so owning the median home costs about $1,463 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $99,320 |
|---|---|
| Loan amount | $397,280 |
| Principal and interest | $2,673 |
| Property taxes (1.89% a year) | $782 |
| Homeowners insurance (our estimate, 0.5% a year) | $207 |
| PMI | $0 |
| Total per month | $3,662 |
Change the numbers in the calculator
| Down payment | $17,381 |
|---|---|
| Loan amount | $487,605 |
| Principal and interest | $3,280 |
| Property taxes (1.89% a year) | $782 |
| Homeowners insurance (our estimate, 0.5% a year) | $207 |
| FHA mortgage insurance | $220 |
| Total per month | $4,489 |
Change the numbers in the calculator
Questions about home buying in Dayton
What is the median home value in Dayton?
About $496,600 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 $9,399 a year, which is about 1.89% 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 $3,662 a month. Keeping that under 28% of gross income takes about $156,925 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