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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 5,749 people, 2,531 houses or apartments, and a median cost of homes of $209,912, house prices in Dayton are solidly below the national average.
Single-family detached homes are the single most common housing type in Dayton, accounting for 70.10% of the city's housing units. Other types of housing that are prevalent in Dayton include large apartment complexes or high rise apartments ( 20.86%), duplexes, homes converted to apartments or other small apartment buildings ( 8.62%).
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.
The housing in Dayton was primarily built before 1939 ( 51.34%), making the housing stock in Dayton some of the oldest overall in America, although there is a range of ages of homes in Dayton. The next most important housing age is between 1940-1969 ( 20.68%), followed by between 1970-1999 ( 14.67%). There's also some housing in Dayton built between 2000 and later ( 13.31%).
In the last 10 years, Dayton has experienced some of the highest home appreciation rates of any community in the nation. Dayton real estate appreciated 153.97% over the last ten years, which is an average annual home appreciation rate of 9.77%, putting Dayton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dayton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Dayton that despite a nationwide downturn in the housing market, Dayton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dayton appreciation rates continue to be some of the highest in America, at 10.60%, which is higher than appreciation rates in 89.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dayton. Dayton appreciation rates in the latest quarter were at 1.53%, which equates to an annual appreciation rate of 6.27%.
Relative to Kentucky, our data show that Dayton's latest annual appreciation rate is higher than 90% of the other cities and towns in Kentucky.
$209,912
for Kentucky
for nation
2,531
$1,686 / per month