CALCMONEY // MORTGAGE // OH // DAYTON
Calculate your monthly mortgage payment using Dayton-specific property tax rates and local market data.
$165,000
6.9%
1.75%
80
| Principal & Interest | $869 |
| Property Tax | $241 |
| Homeowners Insurance (est.) | $55 |
| Total Monthly Payment (PITI) | $1,165 |
$33,000
$180,967
$49,928/yr
The median home price in Dayton is $165,000, below the national median of $420,000. With a median household income of $45,000, the price-to-income ratio is 3.7x — meaning buyers typically spend 3.7 years of gross income on the purchase price.
Property taxes in Dayton run 1.75% of assessed value. On the median home, that is $2,888 per year, or $241 per month added to your mortgage payment. This is significantly above the national average of 1.1%, making property taxes a major factor in your total housing cost.
Ohio has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Dayton is 80 (national average = 100). Beyond housing, your everyday expenses will also run below the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $132,000 loan saves $5,940 in interest over 30 years.
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