2023 Housing Market Overview
Dayton Real Estate Market 2023
Dayton Real Estate Market 2023 Overview
Metro Population: 2M
Median Household Income:$34,000
Unemployment Rate:4.2%
Median Home Price*:$186,000
Median Monthly Rent*:$1,244
Dayton Housing Market Trends 2023
Dayton Housing Market Trends & Statistics 2023
In this section, you’ll learn about the main factors that make the Dayton real estate market one of the best for 2023: affordability, cash flow, population growth, and job growth. Check out Dayton’s housing market, population, and employment trends in the tabs to learn more.Data Sources:
- https://factfinder.census.gov
- https://www.deptofnumbers.com
- https://www.zillow.com
- RealWealth Property Team Data
Dayton median home values statistics and descriptions 2022
Dayton median monthly rent stats and descriptions 2022
Dayton median home value appreciation rate 2014-2022
Dayton median monthly rent appreciation rate 2014-2022
Dayton’s population trends 2010-2023
Dayton’s Employment trends 2021-2022
High home price and rent appreciation rates
The housing market in Dayton has been heating up since 2014, with home values increasing by 79.22%. The average rate of rent growth in Dayton is 6.48% per year. In 2022, the Dayton metro area ranked No. 17 on Realtors’ list of the top 100 housing markets in terms of listing price appreciation and home sales growth. According to Neighborhood Scout, Downtown/Oregon, Rosewood Park and University Park East are among the highest appreciating neighborhoods in Dayton.Strong rental market
The rental market in Dayton is strong. Even though home prices are relatively affordable compared to most other cities in the US, 53% of Dayton households rent their homes. In Dayton, Ohio, Realwealth members see an average RTV of 0.95%. With the right guidance, it’s easy to find high cash flow properties here. Also, in the past eight years, monthly rent prices in Dayton have grown by 55.16%.Affordable real estate market
The median home price in Dayton, Ohio is $186,058. This is 45.8% lower than the national average of $343,000. And rent in Dayton is also 37% lower than the median national rent price. A new study by the National Association of Realtors (NAR) has found that Dayton is among the top 10 affordable markets for households earning between $15,000 and $49,999 annually.Slow but consistent population growth
The Dayton metro area’s population growth rate of 0.17% annually is slower than many other metros in the US, but it shows that Dayton is growing, albeit slowly. As more people move away from big cities and affordable housing becomes an issue across the US, we might see more people move to super-affordable areas like Dayton.Declining unemployment rate
In January 2022, the unemployment rate in Dayton, OH (MSA) was 4.40%, according to the United States Federal Reserve. This is a significant improvement from the peak of 15.70% unemployment in April of 2020 when the market was experiencing a recession. The unemployment rate has continued to improve and bottomed out at 3.20 percent in December of 2021. The Dayton market has experienced a significant increase in jobs over the past five years, which has led to increased consumer confidence and spending. This bodes well for the real estate market in the area.Newsworthy building developments and projects in Dayton
Dayton 94 by Inland Development Partners
Dayton 94 is a modern industrial development built along the Interstate 94 corridor in Dayton. The building has a total area of 335,000 square feet and can be adapted to suit various uses. It is visible from and accessible via the Dayton Parkway Interchange off I-94. Work on the building began the first week of August, and the structure is expected to be ready for occupancy by next summer.Amazon Fulfillment Center in Union
The e-commerce giant Amazon has announced plans to open a new fulfillment center in Union. The facility covers 630,000 square feet and is located less than two miles from Dayton International Airport. Amazon currently has one other fulfillment center in the Dayton area—a 1 million square foot facility in Beavercreek that opened in 2015.Dayton Arcade Renewal
The Dayton Arcade, shuttered since the early 1990s, will be reopened to the public. The Arcade is a complex of several buildings that stretches across nearly an entire city block, from Ludlow to Main Streets and from Third to Fourth. The project will also include construction of a new arts facility at the southeast corner of Main and Stewart streets, housing a $45 million, 51,000-square-foot building called the Roger Glass Center for the Arts.Dayton International Airport expansion
The Dayton City Commission approved development agreements with Sierra Nevada Corp. and SD Hangar Partners LLC in support of a new aircraft maintenance and repair facility at Dayton International Airport. The city has also sold large parcels of land around the airport to NorthPoint Development Corp., which has constructed new warehouse and distribution facilities for Crocs, Chewy, Amazon, Purina and others. NorthPoint predicts that its development projects will create nearly 4,000 new jobs and result in nearly $350 million in private investment.Intel’s $20 billion semiconductor plant in Licking county
Intel held a groundbreaking ceremony on September 24, 2022 for its newest $20 billion semiconductor manufacturing site, located in Licking County, Ohio. The project will generate more than 20,000 jobs in the state and create thousands of indirect and support jobs, including contracted positions. Intel’s new facility will be the largest private sector company investment in Ohio’s history. Even more impressive is that the project will create 3,000 direct Intel jobs earning an average of $135,000 per year (plus benefits), 7,000 construction jobs over the course of the build and tens of thousands of additional indirect and support jobs including contracted positions. Intel plans to begin construction of the factories by 2022 and complete them by 2025.Major Employers in Dayton
News
- Local economy, affordability, job scene driving hot Dayton-area housing market - Dayton Daily News
- One of the midwest cities with the largest population gains over the past 5 years - BizJournals
- One of the top 10 areas with the most homes available for lower income households - NAR
Property Teams
Property Team details can only be viewed in the Realty Portal, which can be accessed by RealWealth members who are logged in at Realty.RealWealth.com.
Sample properties
Sample properties can only be viewed in the Realty Portal, which can be accessed by RealWealth members who are logged in at Realty.RealWealth.com.
Disclaimer: The information provided on this page is for educational purposes only. RealWealth makes no warranty or representation as to the accuracy, completeness or reliability of this information. Please be advised that this content may contain errors, is subject to revision at all times, and should not be relied upon for any purpose. Under no circumstances shall RealWealth be liable to you or anyone else for damage stemming from the use or misuse of this information.