Cap Rate in Dayton, OH

2026 Market Overview for Real Estate Investors

Avg Cap Rate

8.8%

#5 of 50 markets

Median Home Price

$95,000

Purchase price

Median Monthly Rent

$900

$10,800/yr gross

Rent-to-Price Ratio

0.95%

Strong (1% rule range)

Cap Rate Rating

Very Good

Above average. Make sure the higher return is not masking higher risk or deferred maintenance.

Market Snapshot

Population	136,971
5-Year Population Growth	-1.8%
Median Household Income	$32,500
Vacancy Rate	9.5%
Property Tax Rate	2.10%($1,995/yr)

Investor Takeaway

Dayton benefits from proximity to Wright-Patterson AFB and a revitalizing downtown. Low acquisition costs make it viable for investors building portfolios with limited capital.

Quick Math

Estimated annual numbers for a median-priced property in Dayton, OH before financing:

Annual Gross Rent$10,800

Less Vacancy (9.5%)($1,026)

Less Property Tax (2.10%)($1,995)

Less Est. Insurance + Maintenance($1,900)

Estimated NOI$5,879

Implied Cap Rate6.2%

Estimates based on median values. Insurance + maintenance estimated at 2% of home value. Actual results vary by property condition, neighborhood, and management.