Total monthly cost of ownership
Cost to Own a Home in Dayton, New Jersey
A $472,000 home here costs
$3,990per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,427. The real number is $1,563 higher every month — 64% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Dayton against Middlesex County and New Jersey
| Measure | Dayton | Middlesex County |
|---|---|---|
| Median home value | $471,700 | $439,300 |
| Median property tax | $9,321 | $9,684 |
| Effective tax rate | 1.976% | 2.204% |
| Median gross rent | $1,969 | $1,810 |
| Population | 8,241 | 861,535 |
The weather behind that power bill
Dayton sits in Middlesex County, which averages a high of 86.5°F in its hottest month and a low of 22.9°F in its coldest, with 49.53" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,037 cooling and 5,101 heating degree days, which is what sets the $209 electricity line above.
See the full climate breakdown for Middlesex County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Middlesex County
Full Middlesex County cost breakdown · Every county in New Jersey
Common questions
How much does it cost to own a home in Dayton?
A $472,000 home in Dayton, New Jersey costs approximately $3,990 per month with 20% down at 6.66%. That is $2,427 principal and interest, $777 property tax, $116 homeowners insurance, $277 utilities and $393 set aside for maintenance.
What is the property tax rate in Dayton?
Dayton has an effective property tax rate of 1.976%, based on a median home value of $471,700 and median real estate taxes of $9,321. That is lower than the Middlesex County average of 2.204%.
What is the average home price in Dayton?
The median owner-occupied home value in Dayton, New Jersey is $471,700, against $439,300 across Middlesex County.
Is it cheaper to rent or buy in Dayton?
Median gross rent in Dayton is $1,969 a month, against $3,990 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Dayton — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for New Jersey.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.