Dayton appreciation rates and housing market information

Dayton housing market information

With 166,193 people, 77,337 houses or apartments, and a median cost of homes of $93,313, house prices in Dayton are some of the most affordable in Ohio as well as the nation.

single-family detached homes are the single most common housing type in Dayton, accounting for 59.47% of the city's housing units. Other types of housing that are prevalent in Dayton include large apartment complexes or high rise apartments (19.74%), duplexes, homes converted to apartments, or other small apartment buildings (14.12%), row houses and other attached homes (5.60%), and a few mobile homes or trailers (1.06%).

People in Dayton primarily live in small (one, two, or no bedroom) single-family detached homes. Dayton has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Dayton's housing was primarily built during this period, from the '40s through the '60s. A full 52.34% of the city's housing hails from this era. Other housing ages represented in Dayton include homes built between 1939 and earlier (34.07%), and housing constructed from 1970-1994 (12.34%). There's also some housing in Dayton built between 1995 and later (1.25%).

Vacant housing appears to be an issue in Dayton. Fully 12.76% of the housing stock is classified as vacant. Left unchecked, vacant Dayton homes and apartments can be a drag on the real estate market, holding Dayton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Dayton home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Dayton, where house values have increased just 39.70%, which is an average annual increase of 3.97%. NeighborhoodScout's data show that in the latest quarter, Dayton house values appreciated 1.65%, which is an annualized rate of 6.60%. This rate is lower than the appreciation rate found in 20% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Dayton home appreciation rates, at 1.29%, have been at or slightly above the national average. In the latest quarter, Dayton's appreciation rate has been 1.65%, which annualizes to a rate of 6.60%.

Relative to Ohio, our data show that Dayton's latest annual appreciation rate is higher than 57% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Dayton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dayton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Dayton real estate investment or home purchase decisions.