Department of Numbers

Dayton Ohio Residential Rent and Rental Statistics

The median monthly gross residential rent in Dayton, OH (the Dayton metro area) was $748 in 2015 according to the Census ACS survey.1 Average gross rent in Dayton was $756 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Dayton median and average rent data will be released in September of 2017.

Data is also available below for Dayton rental vacancy rates, Dayton rent as a percent of median income and the fraction of renters in Dayton.

Show dollars as: Nominal Real

Real Gross Rent in Dayton Ohio (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Ohio Median Gross Rent $746 +2.05% +6.27%
Dayton, OH Median Gross Rent $748 -0.27% +4.47%

Dayton, OH Real Gross Rent Trends

Median gross rent for Dayton peaked in real terms in 2008 at $771 and is now $23 (2.98%) lower. From a recent low of 716.0 in 2012, real median gross rent has now increased by $32 (4.47%). Average gross rent for Dayton peaked in real terms in 2008 at $766 and is now $10 (1.31%) lower.

Real Gross Rent in Dayton: Dayton OH Median, Dayton OH Average, Ohio Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Dayton

Date US
Median
Ohio
Median
Dayton, OH
Median
Dayton, OH
Average
2015 $959 $746 $748 $756
2014 $930 $731 $750 $737
2013 $898 $704 $728 $732
2012 $886 $702 $716 $721
2011 $887 $705 $723 $739
2010 $901 $722 $743 $742
2009 $905 $720 $726 $730
2008 $920 $745 $771 $766
2007 $874 $712 $729 $717
2006 $883 $726 $762 $744
2005 $858 $722 $740 $725

Dayton Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Dayton Ohio was 4.85% according to Census ACS data.

Rental Vacancy Rate in Dayton Ohio

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Ohio 5.56% -0.70% -1.52%
Dayton, OH 4.85% -3.72% -1.53%

Trends in Dayton, OH Rental Vacancy Rate

The rental vacancy rate in Dayton peaked in 2008 at 12.19%. Since then it has fallen by 7.34% to 4.85%. Data records for this series originated in 2005.

Rental Vacancy Rate: Dayton OH, Ohio, US

Rental vacancy rate in Ohio

Historical Rental Vacancy Rate data for Dayton

Date US Ohio Dayton, OH
2015 5.85% 5.56% 4.85%
2014 6.32% 6.26% 8.57%
2013 6.49% 6.15% 4.90%
2012 6.77% 7.08% 6.38%
2011 7.40% 7.89% 6.39%
2010 8.17% 9.45% 8.34%
2009 8.43% 9.17% 9.12%
2008 7.86% 9.68% 12.19%
2007 7.87% 10.00% 8.10%
2006 7.70% 10.68% 10.15%
2005 7.74% 10.37% 8.43%

Rent as a Fraction of Income

Using median household income data for Dayton, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Dayton, median monthly gross rent as a fraction of median household income was 18.13% in 2015 according to the ACS.

Dayton Ohio Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Ohio 17.53% -0.36% -0.41%
Dayton, OH 18.13% -1.24% -0.69%

Trends in Dayton, OH Rent as a Fraction of Income

The fraction of median Dayton household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 19.38%. Since then it has fallen by 1.24% to 18.13%.

Fraction of Income towards Rent: Dayton OH, Ohio, US

Percent of median household income going towards median monthly gross rent in Dayton Ohio

Historical Data for Annual Rent as a Fraction of Income in Dayton Ohio

Date US Ohio Dayton, OH
2015 20.63% 17.53% 18.13%
2014 20.89% 17.89% 19.38%
2013 20.78% 17.70% 18.69%
2012 20.65% 17.94% 18.82%
2011 20.70% 18.15% 19.30%
2010 20.50% 18.23% 19.30%
2009 20.12% 17.71% 17.96%
2008 19.00% 16.68% 17.22%
2007 18.66% 16.56% 16.98%
2006 18.90% 16.90% 17.68%
2005 18.89% 16.91% 17.12%

Renter Fraction in Dayton Ohio

You can calculate the renter fraction in Dayton in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Dayton as a fraction of total Dayton households. In 2015 37.00% of households were renters according to Census ACS data.

Dayton Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Ohio 34.59% -0.08% +0.88%
Dayton, OH 37.00% -0.41% +0.63%

Trends in the Dayton, OH Renter Fraction

The Dayton household renter fraction peaked in in 2014 at 37.41% and is now 0.41% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Dayton OH, Ohio, US

Fraction of renters in Dayton

History of Dayton Renter Fraction

Date US Ohio Dayton, OH
2015 36.97% 34.59% 37.00%
2014 36.90% 34.67% 37.41%
2013 36.50% 33.93% 36.42%
2012 36.09% 33.71% 36.37%
2011 35.42% 33.02% 35.83%
2010 34.65% 31.60% 34.23%
2009 34.13% 31.95% 34.93%
2008 33.36% 30.95% 33.31%
2007 32.80% 30.32% 33.03%
2006 32.73% 29.99% 32.50%
2005 33.10% 30.06% 32.03%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.