Compare Dayton, OH mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Dayton.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Dayton. Plus, shopping lenders is free and there is no obligation.
December 1, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Dayton. Understand how much you need to earn to afford a home in Dayton, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Dayton fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Dayton is right for you.
The median home value for Dayton, OH (Montgomery County) is $156,620
Based on current mortgage rates and a 10% down payment, you need to make $25,661 per year to buy the median priced home in Dayton
With this income, you could qualify for a $140,958 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Dayton is $594
The median household income for Dayton, OH (Montgomery County) is $58,948
Based on this income, you can afford a home valued at approximately $359,774
The home price you can afford to buy based on household income in Dayton is 230% of the median home value which means housing prices are affordable. Dayton (Montgomery County) ranks 31 out of 88 counties in Ohio and 1,150 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Dayton, OH is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Dayton (Montgomery County) below.
Conforming loan limits for Dayton, OH
FHA loan limits for Dayton, OH