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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Dayton, TN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Dayton, TN Housing Market Trends

With 7,347 people, 2,594 houses or apartments, and a median cost of homes of $158,894, house prices in Dayton are some of the most affordable in Tennessee as well as the nation.

Single-family detached homes are the single most common housing type in Dayton, accounting for 63.46% of the city's housing units. Other types of housing that are prevalent in Dayton include duplexes, homes converted to apartments or other small apartment buildings ( 23.91%), large apartment complexes or high rise apartments ( 8.22%), and a few mobile homes or trailers ( 2.25%).

The most prevalent building size and type in Dayton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.66% owning and 51.34% renting.

There is a lot of housing in Dayton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Dayton built between 1940-1969 ( 31.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.83%). There's also some housing in Dayton built before 1939 ( 1.09%).

Vacant housing appears to be an issue in Dayton. Fully 13.99% 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

Appreciation rates for homes in Dayton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.28%, which ranks in the top 40% nationwide. This equates to an annual average Dayton house appreciation rate of 6.70%.

NeighborhoodScout's data show that during the latest twelve months, Dayton's appreciation rate, at 4.87%, has been at or slightly above the national average. In the latest quarter, Dayton's appreciation rate has been 0.34%, which annualizes to a rate of 1.36%.

Relative to Tennessee, our data show that Dayton's latest annual appreciation rate is lower than 50% of the other cities and towns in Tennessee.

Average Home Values

Median Home Value

$158,894

Dayton, TN Home Prices
> $1,280,000
$960,001 - $1,280,000
$640,001 - $960,000
$512,001 - $640,000
$384,001 - $512,000
$256,001 - $384,000
$128,001 - $256,000
$64,001 - $128,000
$0 - $64,000
0.0%
0.0%
0.3%
0.3%
0.6%
0.6%
0.9%
0.9%
2.6%
2.6%
17.8%
17.8%
40.2%
40.2%
27.1%
27.1%
10.4%
10.4%
0% 100.0%
% of Homes
Very Low

for Tennessee

Very Low

for nation

Number of Homes And Apartments:

2,594

Dayton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,204 / per month

Homeownership Rate

Owners
Renters
48.7%
48.7%
51.3%
51.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.0%
14.0%
86.0%
86.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.8%
25.8%
42.0%
42.0%
31.1%
31.1%
1.1%
1.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.5%
63.5%
2.2%
2.2%
23.9%
23.9%
8.2%
8.2%
2.3%
2.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
1.9%
1.9%
37.5%
37.5%
48.4%
48.4%
9.6%
9.6%
0.7%
0.7%
0% 100.0%
% of Homes