The story of this market
The typical home in ZIP 45347 sells for about $149,925, or $115 per square foot.
Prices are up +11.1% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $766 a month.
ZIP 45347 — New Paris
The Dayton housing market is showing resilience with steady price growth and competitive conditions, despite a slight increase in inventory. Buyers are taking more time to evaluate options, but demand remains strong, particularly in the entry-level price segment. The market is currently characterized by a balance between rising prices and a more measured pace of sales compared to previous years.
This area is well-suited for budget-conscious first-time homebuyers, investors seeking rental yield, and workers employed in the local healthcare or manufacturing sectors. It offers an accessible entry point into the housing market compared to more expensive suburban alternatives.
Median prices moved up 11.1% year over year.
Homes spend a median of 38 days on market with 3.2 months of supply — a fast-moving market.
29% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 16.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 45347, Montgomery County OH
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Dayton area remain a significant concern, with property and violent crime indices consistently trending higher than the national average. Local law enforcement continues to focus on community-based policing initiatives to address these regional disparities.
Public schools in the area are primarily served by Dayton Public Schools, which faces ongoing challenges regarding academic performance and resource allocation. Many families seek alternative options through charter or private institutions within the broader Montgomery County region.
The area is subject to standard Midwestern climate risks, including severe thunderstorms and occasional wind damage. Flood risk is localized primarily to areas near the Great Miami River, and property insurance premiums are generally stable but sensitive to regional weather events.
Economic momentum is driven by a mix of healthcare, education, and aerospace manufacturing, with major employers like Wright-Patterson Air Force Base anchoring the regional economy. Infrastructure improvements are focused on revitalizing the urban core and enhancing connectivity to suburban employment hubs.
Property taxes are assessed by Montgomery County based on market value, with rates determined by local school district levies and municipal requirements. Ohio law provides a homestead exemption for qualifying seniors and disabled homeowners to mitigate tax burdens.
Residents benefit from a central location with access to major corridors like I-75 and I-70, facilitating relatively short commutes to downtown Dayton and surrounding employment centers. Public transit options are available but limited compared to larger metropolitan areas.
The area features access to the extensive Five Rivers MetroParks system, offering numerous trails, riverfront parks, and green spaces. Shopping and dining are concentrated in local neighborhood districts and nearby suburban retail centers.
The rental market is characterized by high demand for affordable units, with vacancy rates remaining tight. Investor activity is present, particularly in the single-family rental segment, though short-term rental regulations are becoming more stringent.
The economy is anchored by the aerospace, healthcare, and education sectors, with Wright-Patterson Air Force Base serving as the largest single-site employer. The region is seeing a shift toward technology-driven manufacturing and logistics.
The area is served by a network of highways including I-75 and I-70, which are critical for regional logistics and commuting. Public transportation is provided by the Greater Dayton RTA.
Development efforts are currently focused on urban infill and the conversion of older industrial sites into modern residential and commercial spaces.
The Montgomery County Auditor's office conducts triennial updates and sexennial reappraisals to ensure property assessments reflect current market values.
Parcels are subject to various levies including school district taxes, library funding, and municipal service assessments.
Property insurance markets are stable, though premiums are influenced by regional exposure to severe weather events and the age of the housing stock.
Data retrieved from data.census.gov using ZCTA 45347 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Lewisburg Haunted Cave4.610.4 mi
- Darke County Fairgrounds4.515.4 mi
- Preble County Fairgrounds4.312.2 mi
- Wayne County Fairgrounds4.410.3 mi
- Natural Springs Resort - RV Park, Campground and Recreation Destination4.13 mi
- Uranus Fudge Factory - Richmond Indiana4.74.7 mi
- Lewisburg Haunted Cave4.610.4 mi
- Thistlethwaite Falls4.68.1 mi
- Glen Miller Park4.56.7 mi
- AMC CLASSIC Richmond 1145.8 mi
- Levi and Catharine Coffin State Historic Site4.710.1 mi
- Bear's Mill4.819 mi
- Garst Museum4.816.6 mi
- Model T Museum4.88.1 mi
- Wayne County Historical Museum4.78 mi
- Glen Miller Park4.56.7 mi
- Fort Saint Clair Park4.811.2 mi
- Hayes Arboretum4.85.9 mi
- Middlefork Reservoir4.46.6 mi
- Springwood Park4.28.1 mi
- Lakengren Marina4.614.8 mi
- Beechwood Golf Course4.210.5 mi
- Meijer4.27.1 mi
- Dillard's4.26.2 mi
- Steiner's Country Market4.87.5 mi
- Richmond Mall3.56.1 mi
- T.J. Maxx4.36.6 mi
- Dayton International Airport4.428.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive network of parks and trails serving the entire Dayton region.
A premier cultural institution located in the heart of the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.