Dayton Real Estate Market 2021

Dayton Housing Market Trends & Statistics 2021

In this section, you’ll learn about the main factors that make the Dayton real estate market one of the best for 2021. With affordable home values, passive income opportunities, and a quickly growing job market. Check out Dayton’s housing market, population, and employment trends in the tabs to learn more.

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Data Sources:

• https://factfinder.census.gov
• https://www.deptofnumbers.com
• https://www.zillow.com
• RealWealth Property Team Data

The Dayton real estate market is extremely affordable.

• The median price of the average  home in Dayton was $141,072 in 2020. This is 45% less than the median home value nationwide.
• In some Dayton neighborhoods, it’s possible to purchase homes for a median $138,000, which is 46% less than the average home nationwide.
• This shows us that real estate in Dayton is significantly more affordable than most other U.S. markets today.

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Dayton offers cash flow opportunities.

• In 2020, the median monthly rent of an average home in the U.S. was $1,700, which is 0.68% of the median purchase price of $254,000.
• The median monthly rent of the average home in Dayton was $994, which is 0.70% of the median purchase price of $254,000.
• In the neighborhoods where RealWealth members invest, the median monthly rent of R.E.A.L. Income Properties™ was $1,755. This is 1.27% of the median purchase price of $138,000.
• This shows us that, in some Dayton neighborhoods, there is an opportunity to generate passive monthly cash flow at a rent-to-purchase ratio well above the national average.

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Dayton home values have been steadily rising over the last six years.

• Over the last 6 years, the average home in the Dayton metro has appreciated at a rate of 5.24% per year (35.89% total) versus 5.31% per year (38.38% total) nationwide.

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Dayton rents have also been increasing over the past six years.

• Since 2014, the median rental price for an average home in Dayton has appreciated at a rate of 3.65% per year (23.97% total) versus 3.52% per year (23.03% total) nationwide.
• All of this tells us that, while Dayton home values and rents are rising, the area is not experiencing the wild appreciation or depreciation swings of many other markets. This is a good indicator that the Dayton real estate market is more stable than other U.S. markets, making investing here safer.

Dayton has been experiencing slow, but steady population growth.

• Since 2010, the population in Dayton has increased by just 0.99%. The national population grew by 6% during the same period.
• This shows us that the Dayton housing market is experiencing slow, but consistent growth year after year. While this growth isn’t substantial, it’s another indicator that Dayton’s real estate market should continue to be stable for years to come.

Dayton’s job growth has been relatively stable throughout the COVID-19 pandemic.

• Between November 2019 and November 2020, the number of jobs in the Dayton metro decreased at a rate of 5.69% and suffered 22,300 job losses. However, compared to the rest of the nation, Dayton fared over 6% better in terms of job losses. This tells us that the job market in Dayton is stable and its economy should recover relatively well following the pandemic.

Dayton is Exceptionally Affordable

• Average homes in Dayton are 45% more affordable than the median home value nationwide.
• In the neighborhoods where RealWealth members invest, home values are even more affordable–46% less than the average home nationwide.
• This shows us that Dayton real estate is incredibly affordable.

Dayton Offers Cash Flow Opportunities

• The median monthly rent of the average home in Dayton was $994, which is 0.70% of the median purchase price of $254,000. This is a slightly better rent-to-purchase ratio compared to the majority of metros around the U.S., (0.68%).
• In the neighborhoods where RealWealth members invest, the median monthly rent of R.E.A.L. Income Properties™ was $1,755. This is 1.27% of the median purchase price of $138,000.
• This shows us that, in some Dayton neighborhoods, there is an opportunity to generate passive monthly cash flow at a rent-to-purchase ratio well above the national average.

The Dayton Housing Market is Stable

• Over the last 6 years, the average home in the Dayton metro has appreciated by 35.89% and the median rental price has appreciated by 23.97%
• This tells us that, while Dayton home values and rents are increasing, it’s not experiencing the extreme appreciation or depreciation swings of many other markets. Another indicator that the Dayton real estate market is more stable than other U.S. markets.

Dayton’s Population is Steadily Growing

• Since 2010 the population in Dayton has increased by 0.99%. Although this is less than the 6% growth experienced nationwide, Dayton is still experiencing consistent growth year after year. And although this growth isn’t amazing, it indicates that Dayton’s real estate market should retain its stability for years to come.

In a typical year, Dayton is Creating New Jobs

• Between November 2019 and November 2020 the number of jobs in the Dayton metro dropped by 5.69%, which is slightly better than the 6% decrease in jobs nationally during this period. However, in recent years, Dayton’s job market has been growing.