The typical owner-occupied home in Dayton is worth about $227,600, 20% below the Texas median of $283,800 and 32% below the national median of $332,700. Owners pay a median $3,167 a year in property taxes, about 1.39% of their home's value, lower than the Texas rate of 1.49%. The median household earns $59,691 a year, so the median home costs 3.8 times the median income (3.6 times for Texas). 66% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Dayton at a glance
| Dayton | Texas | U.S. | |
|---|---|---|---|
| Median home value | $227,600 | $283,800 | $332,700 |
| Median property tax paid per year | $3,167 | $4,232 | $3,119 |
| Property tax as a share of value | 1.39% | 1.49% | 0.94% |
| Median household income | $59,691 | $78,476 | $80,734 |
| Homes lived in by their owners | 66% | 63% | 65% |
| Owner homes with a mortgage | 49% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,884 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 21.7% | 21.0% |
| Median rent | $1,045 | $1,403 | $1,413 |
| Rent as a share of renters' income | 35.6% | 30.9% | 30.6% |
| Median year homes were built | 2000 | 1992 | 1980 |
| Vacant homes | 10.4% | 9.4% | 10.1% |
| Population | 9,058 | 30,188,424 | 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 $227,600 with 20% down costs about $1,583 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,962, 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 $67,857 for the 20%-down payment. That payment is 32% of the median Dayton household income of $59,691; at that income and 20% down, the 28% guideline points to a home of about $200,000.
The median rent here is $1,045 a month, so owning the median home costs about $538 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $45,520 |
|---|---|
| Loan amount | $182,080 |
| Principal and interest | $1,225 |
| Property taxes (1.39% a year) | $264 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| PMI | $0 |
| Total per month | $1,583 |
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| Down payment | $7,966 |
|---|---|
| Loan amount | $223,478 |
| Principal and interest | $1,503 |
| Property taxes (1.39% a year) | $264 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| FHA mortgage insurance | $101 |
| Total per month | $1,962 |
Change the numbers in the calculator
Questions about home buying in Dayton
What is the median home value in Dayton?
About $227,600 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 $3,167 a year, which is about 1.39% 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 $1,583 a month. Keeping that under 28% of gross income takes about $67,857 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