Rent vs Buy in Dayton, OH
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Dayton, OH
Price-to-rent ratio is 13.5 (under 15 favors buying, over 21 favors renting). Renting costs $872/mo; owning runs about $1,056/mo — $184/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $749 |
| Property tax | $130 |
| Home insurance | $59 |
| Maintenance | $118 |
| Total to own | $1,056 |
| Average 2BR rent | $872 |
Based on a median home value of $141,452 with a $28,290 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.