The typical owner-occupied home in Dayton is worth about $346,600, 10% below the Virginia median of $383,700 and 4% above the national median of $332,700. Owners pay a median $1,820 a year in property taxes, about 0.53% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $75,769 a year, so the median home costs 4.6 times the median income (4.1 times for Virginia). 67% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Dayton at a glance
| Dayton | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $346,600 | $383,700 | $332,700 |
| Median property tax paid per year | $1,820 | $2,790 | $3,119 |
| Property tax as a share of value | 0.53% | 0.73% | 0.94% |
| Median household income | $75,769 | $93,170 | $80,734 |
| Homes lived in by their owners | 67% | 67% | 65% |
| Owner homes with a mortgage | 65% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,663 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 17.8% | 20.1% | 21.0% |
| Median rent | $1,074 | $1,579 | $1,413 |
| Rent as a share of renters' income | 27.9% | 29.4% | 30.6% |
| Median year homes were built | 1967 | 1984 | 1980 |
| Vacant homes | 4.4% | 8.7% | 10.1% |
| Population | 1,920 | 8,705,170 | 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 $346,600 with 20% down costs about $2,163 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,740, 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 $92,691 for the 20%-down payment. That payment is 34% of the median Dayton household income of $75,769; at that income and 20% down, the 28% guideline points to a home of about $283,000.
The median rent here is $1,074 a month, so owning the median home costs about $1,089 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $69,320 |
|---|---|
| Loan amount | $277,280 |
| Principal and interest | $1,865 |
| Property taxes (0.53% a year) | $153 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| PMI | $0 |
| Total per month | $2,163 |
Change the numbers in the calculator
| Down payment | $12,131 |
|---|---|
| Loan amount | $340,322 |
| Principal and interest | $2,289 |
| Property taxes (0.53% a year) | $153 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| FHA mortgage insurance | $153 |
| Total per month | $2,740 |
Change the numbers in the calculator
Questions about home buying in Dayton
What is the median home value in Dayton?
About $346,600 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 $1,820 a year, which is about 0.53% 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 $2,163 a month. Keeping that under 28% of gross income takes about $92,691 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