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 a population of 7,347, 2,594 total housing units (homes and apartments), and a median house value of $175,210, 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 63.46% of the city's housing units. Other types of housing that are prevalent in Dayton include duplexes, homes converted to apartments or other small apartment buildings ( 23.91%), large apartment complexes or high rise apartments ( 8.22%), and a few mobile homes or trailers ( 2.25%).
The most prevalent building size and type in Dayton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.66% owning and 51.34% renting.
There is a lot of housing in Dayton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Dayton built between 1940-1969 ( 31.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.83%). There's also some housing in Dayton built before 1939 ( 1.09%).
Vacant housing appears to be an issue in Dayton. Fully 13.99% of the housing stock is classified as vacant. Left unchecked, vacant Dayton homes and apartments can be a drag on the real estate market, holding Dayton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Dayton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.59%, which ranks in the top 30% nationwide. This equates to an annual average Dayton house appreciation rate of 7.63%.
NeighborhoodScout's data show that during the latest twelve months, Dayton's appreciation rate, at 7.48%, has been at or slightly above the national average. In the latest quarter, Dayton's appreciation rate has been 2.75%, which annualizes to a rate of 11.45%.
Relative to Tennessee, our data show that Dayton's latest annual appreciation rate is higher than 70% of the other cities and towns in Tennessee.
$175,210
for Tennessee
for nation
2,594
$1,234 / per month