Mortgage Rates in Dayton, Ohio: 2026 Guide
30-year fixed: 6.77%. Median: $195,000.
Current Mortgage Rates in Dayton
| Loan Type | Rate | APR | Monthly* |
|---|---|---|---|
| 30-Year Fixed | 6.77% | 6.850% | $1,014/mo |
| 15-Year Fixed | 6.25% | 6.320% | $1,338/mo |
| 5/1 ARM | 6.15% | 6.500% | $950/mo |
Dayton Market Insights
Dayton offers some of the most affordable housing in Ohio. The city is home to Wright-Patterson Air Force Base, a major economic driver. The housing market is very accessible for first-time buyers, with significant purchasing power relative to local incomes.
Frequently Asked Questions
What is the average mortgage rate in Dayton?+
How much down payment is needed in Dayton?+
What are property taxes in Dayton?+
What a $195,000 Home Costs in Dayton
At Dayton's median home price of $195,000, a 20% down payment is $39,000. On a 30-year fixed loan at 6.77%, the monthly principal and interest payment works out to $1,014, and property taxes add roughly $254 per month at an effective rate of 1.56%. That puts the total PITI payment near $1,268 a month before homeowners insurance and HOA fees.
Keeping housing at or below 28% of gross income means a buyer in Dayton typically needs to earn about $54,343 a year to carry this payment comfortably.
Tax & Rate Context in Dayton
The effective property tax rate in Dayton is 1.56%, which works out to roughly $3,042 a year on a median-priced home. The average 30-year fixed rate of 6.77% runs 0.06 points above the national average of 6.71%, so locking a rate and shopping at least three lenders matters more here. Dayton has an estimated population of 137K, and demand in the local market affects how quickly homes move and how often sellers negotiate on price.