The typical owner-occupied home in Dennison is worth about $102,700, 52% below the Ohio median of $214,800 and 69% below the national median of $332,700. Owners pay a median $995 a year in property taxes, about 0.97% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $51,992 a year, so the median home costs 2.0 times the median income (3.0 times for Ohio). 54% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Dennison at a glance
| Dennison | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $102,700 | $214,800 | $332,700 |
| Median property tax paid per year | $995 | $2,822 | $3,119 |
| Property tax as a share of value | 0.97% | 1.31% | 0.94% |
| Median household income | $51,992 | $71,389 | $80,734 |
| Homes lived in by their owners | 54% | 67% | 65% |
| Owner homes with a mortgage | 60% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $983 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 17.7% | 18.6% | 21.0% |
| Median rent | $840 | $1,034 | $1,413 |
| Rent as a share of renters' income | 24.6% | 28.3% | 30.6% |
| Median year homes were built | 1950 | 1970 | 1980 |
| Vacant homes | 9.0% | 8.1% | 10.1% |
| Population | 2,449 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Dennison
At this week's average 30-year rate of 7.11%, buying the median Dennison home of $102,700 with 20% down costs about $679 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $850, 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 $29,079 for the 20%-down payment. That payment is 16% of the median Dennison household income of $51,992; at that income and 20% down, the 28% guideline points to a home of about $184,000.
The median rent here is $840 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,540 |
|---|---|
| Loan amount | $82,160 |
| Principal and interest | $553 |
| Property taxes (0.97% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $679 |
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| Down payment | $3,594 |
|---|---|
| Loan amount | $100,840 |
| Principal and interest | $678 |
| Property taxes (0.97% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $45 |
| Total per month | $850 |
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Questions about home buying in Dennison
What is the median home value in Dennison?
About $102,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dennison?
Homeowners pay a median $995 a year, which is about 0.97% 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 Dennison?
For the median home with 20% down at 7.11%, the payment is about $679 a month. Keeping that under 28% of gross income takes about $29,079 a year.
More about Dennison
- Mortgage Refinance in Dennison
- Debt Relief in Dennison
- Home Equity Loans in Dennison
- 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