Investing in real estate in Dayton, Ohio

Is it a smart decision to buy and rent properties in the Gem City at this time? 

An investment in real estate in Dayton could be a very good decision if you know the zoning rules and laws of Dayton, Ohio, recognize the constant demand driven by strong sectors such as the city’s healthcare and aerospace industries, invest in emerging areas like the Oregon District or Wright-Dunbar, and invest in energy efficiency improvements for ecological purposes.

On the other hand, if you ignore the importance of the good or negative reputation of neighborhoods, particularly in places like Westwood or Twin Towers, neglect necessary property maintenance and updates, fail to fully comply with local building codes, and do not properly budget for all related expenses, your investment may not generate the desired profits.

Although the current real estate market in Dayton, Ohio, offers a distinct combination of opportunities and obstacles to navigate, housing prices have remained quite stable over the past year and are considerably lower than the national average; which is why Dayton is a very attractive place for investors. And although the Covid-19 pandemic caused some changes in property prices and rental values, the market is now beginning to recover.

Thanks to people returning to the Dayton metropolitan area, especially those who work remotely and seek an affordable life, rents are on the rise. As for home listings, although competition is beginning to intensify, there is a reasonable amount of inventory available that gives buyers some negotiating power.

For all these reasons, many experts consider it an excellent time to buy and rent properties in the Dayton real estate market, especially for those with strong financial backing, good credit, and some ability to obtain low mortgage interest rates; and with a significant down payment, they can have very good business opportunities.

This city represents a long-term investment opportunity as Dayton’s economy is becoming more diversified and housing demand is increasing. Therefore, if you wish to become an investor in this area of Ohio, focus on neighborhoods with high rental demand and low vacancy rates, such as areas near the University of Dayton or the Oregon District.

But if, on the contrary, you are looking for quick profits, it may not be a good time to buy and rent properties in the Dayton area, especially if you do not have good financial stability, as many experts say that a significant increase in the real estate market cannot be expected soon, as it is a promising market but requires substantial financial resources and some patience.

Moreover, if you are not prepared to deal with local tenant laws and maintenance expenses, the investment may be difficult to manage rather than beneficial.

Available Foreclosures: 

Dayton: 150 houses available.

Westwood: 30 houses available.

Twin Towers: 20 houses available.

By Elías DaSilva | 31 de octubre de 2024