Want to Buy a House in Dayton, OH?

Nathan Lambrecht

It could be said that Dayton, nicknamed “The Gem City” for being a shining example of a quintessential American town, is really something of a hidden gem. The region is regularly ranked highly on the affordability chart, making housing an integral part of bringing newcomers to the area. Here’s a closer look at the local market for those who want to rent or buy a house in Dayton, OH.

What’s the Dayton Housing Market Like? 

A recent report from the Wall Street Journal and Realtor.com ranked five Ohio cities, including Dayton, as having the best housing markets in the country. The city has a range of properties, including new construction and established neighborhoods. Buyers can find anything from condos to updated historic homes. The average home value in Montgomery County, where Dayton is based, increased 4% this year to $197,000, according to Zillow. 

How Does the Cost of Living in Dayton Compare? 

Dayton’s cost of living is lower than the national average by roughly 8%, according to RentCafe.com, which ranks costs like utilities and health care. In real estate, Dayton is 12% lower than the national average. While Dayton’s overall cost of living is about 4% higher than the Ohio state average, it provides access to numerous amenities. 

What Are Some Fun Things to Do in Dayton for Newcomers? 

Dayton boasts a wide array of attractions: Think excellent shopping, varied recreational activities and a passion for sports, from the Dayton Flyers to nearby Cincinnati Bengals and Reds. Culture and history thrive here, too, with attractions such as the National Museum of the U.S. Air Force and the Dayton Art Institute appealing to diverse interests. What’s more, every community in Dayton is known for its vibrant and welcoming atmosphere. 

Is the Dayton Region Family Friendly? 

Dayton is a great city to raise a family and it’s very welcoming. At the Boonshoft Museum of Discovery, there are kid-friendly science exhibits and a small zoo. The Nutter Center is a sports arena and a music venue. There are lots of parks and things for kids to do. Local public and private schools are highly regarded, providing students with a strong academic foundation. 

What Neighborhoods or Areas Are Hot Right Now? 

Kettering, Dayton, Centerville, Washington Township, Beavercreek Township and Huber Heights all have attractions for buyers, depending on the individual’s or family’s needs. 

Are There Any Popular Historic Neighborhoods in Dayton? 

Dayton has numerous neighborhoods that are part of the National Register, including Dayton View, Five Oaks, Grafton Hill, Huffman, McPherson Town, Oregon, South Park, St. Anne’s Hill and Wright-Dunbar Historic Districts. There are 23 historic districts across the city, each with its own unique community. 

Are There Any Incentives or Programs Available to Buyers? 

Several mortgage companies offer down payment assistance. Different communities, like Kettering, have first-time homebuyer assistance, where a client can participate in a class about financing. The VA has the Heroes Program that offers down payment assistance based on qualifications. Find out whether you’re going with a credit union or a banking institution and learn what works in your budget.