The story of this market
The typical home in ZIP 45406 sells for about $109,976, or $83 per square foot.
Prices are roughly flat from a year ago (+0.9%), a market in balance. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $941 a month.
ZIP 45406 — Dayton
The 45406 housing market shows signs of stability with modest price growth and a competitive pace for entry-level homes. High rental yields continue to attract investor interest, though the market remains sensitive to broader economic conditions in the Dayton area.
This ZIP is well-suited for real estate investors seeking high rental yields and budget-conscious buyers looking for entry-level housing options near the city center.
Median prices moved up 0.9% year over year.
Homes spend a median of 41 days on market with 7.1 months of supply — a balanced-paced market.
22% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 15.1% · poverty 24.6% — elevated distress and economic pressure.
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 10.4%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 45406, 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 45406 area remain higher than the national average, with property and violent crime trends consistently reported as significant concerns compared to the broader Dayton metropolitan region.
Public schools serving this ZIP are primarily part of the Dayton Public Schools district, which faces ongoing challenges regarding academic performance and state accountability ratings.
The area is subject to standard Midwestern climate risks, including severe thunderstorms and occasional wind damage, with flood risk concentrated near local waterways.
Economic momentum is tied to the broader Dayton recovery, with local development focused on urban infill and revitalization efforts, though large-scale corporate expansion remains limited within this specific ZIP.
Property taxes are assessed by Montgomery County based on local millage rates, which include levies for schools, city services, and county operations; exemptions are available for owner-occupied primary residences.
Residents have convenient access to I-75, providing a direct commute to downtown Dayton and major employment hubs in the northern suburbs.
The area features several local parks and community centers, with proximity to the Great Miami River trail system and basic retail shopping corridors along major arterial roads.
The rental market is characterized by high demand and strong gross yields, with many investors targeting single-family homes for long-term rental income.
The economy is anchored by healthcare, education, and government sectors, with significant employment provided by the nearby Wright-Patterson Air Force Base and local hospital systems.
The area is served by the Greater Dayton RTA bus system and benefits from proximity to the I-75 and US-35 highway interchange.
Development is primarily focused on small-scale residential rehabilitation and city-led neighborhood improvement initiatives.
The Montgomery County Auditor's office conducts triennial updates and sexennial reappraisals to determine property values for tax purposes.
Parcels are subject to Dayton Public Schools district taxes and various municipal levies for city services and infrastructure maintenance.
Property insurance premiums are influenced by the age of the housing stock and regional exposure to severe weather events.
Data retrieved from data.census.gov ZCTA-level tables.
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.
- Land of Illusion Adventure Park4.416.6 mi
- Scene75 Entertainment Center | Dayton4.44.8 mi
- Nova Trampoline and Adventure Park4.710.3 mi
- On Par Entertainment4.89.5 mi
- Round1 Bowling & Arcade - Beavercreek4.110 mi
- Hollywood Gaming at Dayton Raceway3.94.5 mi
- Nutter Center4.310.2 mi
- Land of Illusion Adventure Park4.416.6 mi
- University of Dayton Arena4.74 mi
- Hidden Valley Orchards4.318.7 mi
- National Museum of the US Air Force4.97.1 mi
- Cinemark The Greene IMAX and SCREENX4.59.6 mi
- Nova Trampoline and Adventure Park4.710.3 mi
- Cinemark Dayton South 16 and XD4.59.6 mi
- Cox Arboretum MetroPark4.88.8 mi
- National Museum of the US Air Force4.97.1 mi
- Boonshoft Museum of Discovery4.72.3 mi
- Carillon Historical Park4.84.4 mi
- Aullwood Audubon Center4.86.5 mi
- Air Force Museum Foundation Meetings & Events4.97.1 mi
- Cox Arboretum MetroPark4.88.8 mi
- Carillon Historical Park4.84.4 mi
- Aullwood Audubon Center4.86.5 mi
- Charleston Falls Preserve4.810.5 mi
- Wegerzyn Gardens MetroPark4.82.6 mi
- PipeStone Golf Club4.311.6 mi
- Golf Galaxy Performance Center3.910.1 mi
- Community Golf Course45.7 mi
- Graywolf Golf Club3.95.3 mi
- Cassel Hills Golf Course4.48.3 mi
- Dayton Mall410.2 mi
- The Greene4.59.5 mi
- The Mall at Fairfield Commons4.310 mi
- Meijer4.28.9 mi
- Dorothy Lane Market4.76.5 mi
- Dayton International Airport4.48.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major cultural anchor located near the edge of the ZIP.
Notable for its preserved architecture and community character.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.