Total monthly cost of ownership
Cost to Own a Home in Dayton, Ohio
A $93,000 home here costs
$972per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $478. The real number is $493 higher every month — 103% 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 Montgomery County and Ohio
| Measure | Dayton | Montgomery County |
|---|---|---|
| Median home value | $93,200 | $167,400 |
| Median property tax | $1,658 | $2,975 |
| Effective tax rate | 1.779% | 1.777% |
| Median gross rent | $866 | $968 |
| Population | 136,741 | 535,528 |
Dayton extends across 2 counties. Figures here use Montgomery County, where most of its housing sits.
The weather behind that power bill
Dayton sits in Montgomery County, which averages a high of 86.7°F in its hottest month and a low of 20.1°F in its coldest, with 41.65" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,191 cooling and 5,432 heating degree days, which is what sets the $175 electricity line above.
See the full climate breakdown for Montgomery County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
Full Montgomery County cost breakdown · Every county in Ohio
Common questions
How much does it cost to own a home in Dayton?
A $93,000 home in Dayton, Ohio costs approximately $972 per month with 20% down at 6.66%. That is $478 principal and interest, $138 property tax, $35 homeowners insurance, $243 utilities and $78 set aside for maintenance.
What is the property tax rate in Dayton?
Dayton has an effective property tax rate of 1.779%, based on a median home value of $93,200 and median real estate taxes of $1,658. That is in line with the Montgomery County average of 1.777%.
What is the average home price in Dayton?
The median owner-occupied home value in Dayton, Ohio is $93,200, against $167,400 across Montgomery County.
Is it cheaper to rent or buy in Dayton?
Median gross rent in Dayton is $866 a month, against $972 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 Ohio.
- 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.