• Menu
  • Skip to main content
  • Skip to primary sidebar

NewHomeSource.com

Home » City Guide » High Supply Drops Dayton Home Prices

High Supply Drops Dayton Home Prices

Dayton

As Dayton’s population has decreased 1 percent in the past decade, home prices have significantly dropped, leaving a high supply of homes on the market.

If you’re searching for a new house, here’s a look at what Dayton’s median income can afford: With an annual median income at a solid $63,300, the Dayton homebuyer can spend roughly $1,582, or 30 percent of their monthly income, on their mortgage payment.

Though down payments and mortgage rates vary depending on one’s particular credit score and income, for simplicity’s sake, we’ll assume a fairly good credit score in the 720-740 range with a median income.

Given a 30-year fixed mortgage, this will generate a 17-percent down payment and a 4.23 percent annual percentage rate (APR). We will also factor in Dayton’s modest average homeowners insurance premium at $54 a month, well below the national average of $80 a month. According to the National Association of Home Builders, Dayton’s median home price is also nearly half the national average at $81,000.

So, with a median income above the national average, as well as a median home price well below the national average, the Dayton homebuyer can afford some highly luxurious new and pre-owned homes at an astounding value in the current market. For instance, buyers could purchase a renovated three-bed, three-bath, 2,064 square foot single family home for roughly $250,000. With an estimated mortgage of $930 a month, the home is a great option for the Dayton homebuyer.

If buyers are looking to build a new house, they can find an affordable four-bedroom, 2.5 bath single-family home with 3,317 square feet. The Nicholas Plan at Carriage Trails – The Estates by M/I Homes, for example is a great option for the median income Dayton homebuyer at $245,995.

Nestled in the charming Carriage Trails – The Estates new-home community, residents can enjoy 700 acres of natural scenery within the community, as well as more than 900 acres of walking, hiking and horseback riding trails.

Carriage Trails residents enjoy the high-rated Bethel Local School District, as well as an upscale shopping outlet, a brand new Kroger Aquatic Center and a local YMCA, all within walking distance. The community also offers easy access to I-75, I-70 and the Dayton Airport. With an estimated mortgage of $1,215, the Nichols Plan is a great option for those looking for a newly built home in a picturesque community.

Though Dayton has experienced a slight decline in population in the past decade, with major companies like NCR Corp. moving and a few others cutting staff, the city remains a promising place to live and work. With a solid median income well above the national average and one of the most affordable housing markets, the Dayton homebuyer has more options and buying power than most homebuyers in other parts of the country. The city has also seen unemployment rates fall 1.2 percentage points over the past year to 8.2 percent.

Whether looking to buy a new home or a resale home, Dayton homebuyers have some great options. If you would like to explore more new home options in the Dayton area, check out New Home Source.

Previous Post: «Set of keys with one key inserted into door lock. Home Security And Safety Tips For Boomers And Beyond
Next Post: Four Tips for Fire-Proofing your New Home’s Landscape fire»

Primary Sidebar

Search new homes

Search New Homes


New Home 101

  • The Basics of Newly Built Homes
  • Why Buy a Newly Built Home
  • Shopping for Your New Home
  • Building Your New Home
  • Designing Your Dream Home
  • Buying Your New Home
  • Moving Into Your New Home
  • New Home Glossary

Copyright © 2025 · Builders Digital Experience, LLC. All rights reserved. NewHomeSource.com is a trademark of Builders Digital Experience, LLC and all other marks are either trademarks or registered trademarks of their respective owners. .