The typical owner-occupied home in Dayton is worth about $243,600, 57% below the Washington median of $564,600 and 27% below the national median of $332,700. Owners pay a median $1,832 a year in property taxes, about 0.75% of their home's value, lower than the Washington rate of 0.81%. The median household earns $70,625 a year, so the median home costs 3.4 times the median income (5.8 times for Washington). 75% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Dayton at a glance
| Dayton | Washington | U.S. | |
|---|---|---|---|
| Median home value | $243,600 | $564,600 | $332,700 |
| Median property tax paid per year | $1,832 | $4,556 | $3,119 |
| Property tax as a share of value | 0.75% | 0.81% | 0.94% |
| Median household income | $70,625 | $98,141 | $80,734 |
| Homes lived in by their owners | 75% | 64% | 65% |
| Owner homes with a mortgage | 60% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,478 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 21.4% | 22.2% | 21.0% |
| Median rent | $973 | $1,760 | $1,413 |
| Rent as a share of renters' income | 28.5% | 30.0% | 30.6% |
| Median year homes were built | 1948 | 1985 | 1980 |
| Vacant homes | 12.8% | 7.3% | 10.1% |
| Population | 2,774 | 7,816,116 | 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 $243,600 with 20% down costs about $1,565 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,971, 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 $67,059 for the 20%-down payment. That payment is 27% of the median Dayton household income of $70,625; at that income and 20% down, the 28% guideline points to a home of about $257,000.
The median rent here is $973 a month, so owning the median home costs about $592 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,720 |
|---|---|
| Loan amount | $194,880 |
| Principal and interest | $1,311 |
| Property taxes (0.75% a year) | $152 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| PMI | $0 |
| Total per month | $1,565 |
Change the numbers in the calculator
| Down payment | $8,526 |
|---|---|
| Loan amount | $239,188 |
| Principal and interest | $1,609 |
| Property taxes (0.75% a year) | $152 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| FHA mortgage insurance | $108 |
| Total per month | $1,971 |
Change the numbers in the calculator
Questions about home buying in Dayton
What is the median home value in Dayton?
About $243,600 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 $1,832 a year, which is about 0.75% 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 $1,565 a month. Keeping that under 28% of gross income takes about $67,059 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