CALCMONEY // HOME AFFORDABILITY // OH // DAYTON
How much house can you afford in Dayton? Based on local median home prices, current OH mortgage rates, and Dayton property tax data.
$155,000
$1,128/mo
$48,353/yr
$135,821
Monthly housing costs of $1,128 represent 30.8% of Dayton's median gross monthly income ($3,667/mo). At 30.8%, this slightly exceeds the 28% rule. Buyers need above-median income or a 25%+ down payment to qualify comfortably.
| Median Home Price | $155,000 |
| Down Payment (20%) | $31,000 |
| Loan Amount | $124,000 |
| Monthly PI Payment | $821 |
| Monthly Property Tax | $243 |
| Monthly Insurance Est. | $65 |
| Total Monthly PITI | $1,128 |
| Housing Cost % of Income | 30.8% |
| Required Income (28% rule) | $48,353/yr |
| Max Affordable Home | $135,821 |
$5,425
$1,403/mo
Dayton Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $155,000 | Dayton city median |
| Down Payment (20%) | $31,000 | Conventional loan |
| Monthly PITI | $1,128 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $48,353 | Annual gross |
| Max Affordable Home | $135,821 | Based on median income |
| FHA Down (3.5%) | $5,425 | Minimum FHA |
| Housing Cost % of Income | 30.8% | Median income: $44,000/yr |
| Property Tax Rate | 1.88% | $2,914/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Dayton is $155,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $124,000, generating a monthly P&I payment of $821. Adding property taxes ($243/mo) and homeowners insurance ($65/mo) brings total monthly PITI to $1,128.
Dayton's property tax rate of 1.88% is near the national average, adding a standard increment to monthly housing costs. On the Dayton median home, that is $243/month, or $2,914 per year.
Ohio levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Dayton should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Dayton's median income of $44,000/year can afford up to $1,027/month in total housing costs. Based on Dayton's mortgage rate of 6.95% and property tax rate of 1.88%, that translates to a maximum affordable home price of approximately $135,821 with 20% down on a 30-year loan.
To afford the median Dayton home priced at $155,000, you need an annual gross income of approximately $48,353. Total monthly housing costs (principal and interest of $821, property taxes of $243, and insurance of $65) come to $1,128/month, which equals 28% of the required income.
At the median home price of $155,000 and median household income of $44,000, the total monthly housing cost of $1,128 represents 30.8% of gross monthly income. This slightly exceeds the standard 28% rule. Buyers will need above-median income or a larger down payment to stay within guidelines.
A conventional 20% down payment on the median Dayton home of $155,000 is $31,000. An FHA loan requires just 3.5% down — $5,425 — but adds mortgage insurance of roughly $106/month, bringing total FHA payments to $1,403/month.
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