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.
$165,000
$1,179/mo
$50,517/yr
$140,568
Monthly housing costs of $1,179 represent 31.4% of Dayton's median gross monthly income ($3,750/mo). At 31.4%, this slightly exceeds the 28% rule. Buyers need above-median income or a 25%+ down payment to qualify comfortably.
| Median Home Price | $165,000 |
| Down Payment (20%) | $33,000 |
| Loan Amount | $132,000 |
| Monthly PI Payment | $869 |
| Monthly Property Tax | $241 |
| Monthly Insurance Est. | $69 |
| Total Monthly PITI | $1,179 |
| Housing Cost % of Income | 31.4% |
| Required Income (28% rule) | $50,517/yr |
| Max Affordable Home | $140,568 |
$5,775
$1,471/mo
Dayton Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $165,000 | Dayton city median |
| Down Payment (20%) | $33,000 | Conventional loan |
| Monthly PITI | $1,179 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $50,517 | Annual gross |
| Max Affordable Home | $140,568 | Based on median income |
| FHA Down (3.5%) | $5,775 | Minimum FHA |
| Housing Cost % of Income | 31.4% | Median income: $45,000/yr |
| Property Tax Rate | 1.75% | $2,888/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Dayton is $165,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $132,000, generating a monthly P&I payment of $869. Adding property taxes ($241/mo) and homeowners insurance ($69/mo) brings total monthly PITI to $1,179.
Dayton's property tax rate of 1.75% is near the national average, adding a standard increment to monthly housing costs. On the Dayton median home, that is $241/month, or $2,888 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 $45,000/year can afford up to $1,050/month in total housing costs. Based on Dayton's mortgage rate of 6.9% and property tax rate of 1.75%, that translates to a maximum affordable home price of approximately $140,568 with 20% down on a 30-year loan.
To afford the median Dayton home priced at $165,000, you need an annual gross income of approximately $50,517. Total monthly housing costs (principal and interest of $869, property taxes of $241, and insurance of $69) come to $1,179/month, which equals 28% of the required income.
At the median home price of $165,000 and median household income of $45,000, the total monthly housing cost of $1,179 represents 31.4% 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 $165,000 is $33,000. An FHA loan requires just 3.5% down — $5,775 — but adds mortgage insurance of roughly $113/month, bringing total FHA payments to $1,471/month.
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