Appreciation Investing in Dayton, OH

Appreciation Score: 2.4/10Ranked #43 of 52 markets

Data-driven appreciation analysis for Dayton, OH — score breakdown, key investment metrics, and how it compares to other markets.

Last updated: May 2026

Score Breakdown

Appreciation Score:2.4
Population Growth(40%)
-1.8%1.1
Median Household Income(25%)
$64,4033.8
Low Vacancy(20%)
8.8%4.0
Metro Size (Demand)(15%)
535,5281.5

Key Metrics for Appreciation

Pop. Growth

-1.8%

Moderate

Median Income

$64,403

Household income

Vacancy Rate

8.8%

Moderate supply

Population

536K

Metro demand indicator

Appreciation Investment Thesis

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.

How Dayton Compares

RankCityAppreciation ScoreCap RateMedian Price
#40Milwaukee, WI3.06.7%$175,000
#41Philadelphia, PA2.95.6%$240,000
#42Cleveland, OH2.49.8%$105,000
#43Dayton, OH2.48.8%$95,000
#44Memphis, TN2.29.2%$130,000
#45Detroit, MI1.911.2%$85,000
#46Birmingham, AL1.98.5%$125,000

Showing markets ranked near Dayton for this strategy.

Quick Math: Estimated Annual Return

Annual Gross Rent ($900/mo)$10,800
Less: Vacancy (8.8%)-$950
Less: Property Tax (2.10%)-$1,995
Less: Insurance (~0.5%)-$475
Less: Maintenance (~1.5%)-$1,425
Estimated NOI$5,955
Implied Cap Rate6.3%

Based on median market data. Your actual returns will vary based on specific property, financing, and management costs. Always run your own analysis before investing.

Frequently Asked Questions

What is the appreciation score for Dayton, OH?

Dayton, OH scores 2.4 out of 10 on our appreciation score, ranking #43 out of 52 markets we track. Weighted composite: population growth (40%), median household income (25%), low vacancy (20%), metro size/demand (15%). Scale 0–10.

Is Dayton a good city for appreciation investing?

Dayton, OH ranks #43 for appreciation investing with a score of 2.4/10. While not a top-ranked market for this strategy, it may have strengths in other investing approaches.

What is the average cap rate in Dayton?

The average cap rate in Dayton, OH is 8.8%. The median home price is $95,000 with a median monthly rent of $900, resulting in a rent-to-price ratio of 0.95%.

What are the property taxes in Dayton?

The effective property tax rate in Dayton, OH is 2.10%. On a $95,000 property, that translates to approximately $1,995 per year in property taxes.

How does Dayton compare to other appreciation markets?

Among our 52 tracked markets, Dayton, OH ranks #43 for appreciation investing. Other markets may be stronger for this particular strategy, though it may excel in different approaches.

What is driving population growth in Dayton?

Dayton, OH has a 5-year population growth rate of -1.8% and a median household income of $64,403. While population has declined, price appreciation can still occur through revitalization, institutional investment, and limited new housing supply.

Run Your Own Numbers for Dayton

Use our free calculators pre-filled with Dayton, OH market data, or adjust the numbers for your specific deal.