National Homeownership Month Highlights Real Estate Affordability in Montgomery County, Ohio
28 Jun 2023
Montgomery County, Ohio, celebrates National Homeownership this month by highlighting the benefits that homeownership offers to families, neighborhoods, and communities in the region. Despite the sharp rise in mortgage rates over the past year, the Montgomery County real estate market remains resilient. The median house price in the US is $388,800 In contrast, Montgomery County is $185,003 — 54% lower than the national median price.
Montgomery County continues to take steps to make homeownership a reality for people looking to start the next chapter of their lives. Learn more about why homeownership matters and home you can become a homeowner too.
Why Homeownership Matters
Homeownership continues to be the cornerstone of the “American Dream.”
With homeownership comes a sense of pride, financial stability, and equity. Many homeowners benefit from tax deductions and affordable monthly mortgage payments that can be lower than the average rent. Buying a home is considered one of the best and most reliable long-term investments because residential real estate tends to rise in value over the long haul. In addition to the personal benefits, homeownership plays a crucial role in sustaining prosperous and stable communities.
Homeownership grows the community tax base, reducing the individual’s tax burden. Research shows that higher homeownership percentages directly correlate with lower crime rates. Homeowners tend to volunteer more, buy more goods and services from local business owners, support local educational systems, and benefit the economy more.
Homeowners are even more likely to be involved in local civic engagements and elections. According to NAR calculations, an additional benefit of homeownership for the community is that every two home sales support one new job.
Montgomery County, Ohio, Supports Homeownership
Montgomery County, Ohio, offers abundant resources for potential home buyers. We can help you make the most informed choice on how, where, and when to buy. Our website provides the following:
- An easy-to-navigate housing opportunities section.
- Information about what makes our community unique.
- The best realtor and lender connections.
- Homeowner education resources.
Montgomery County is the perfect place to find energy-efficient, comfortable housing — whether you’re looking for a large suburban home, a condo in the city, or something in between.
In Montgomery County, the City of Dayton, Ohio, is one of the most affordable regions in the country. Several historic districts and diverse neighborhoods throughout the region are both friendly and convenient to buyers and renters alike.
Homeownership is regarded as one of the best ways to build wealth. Home prices continue to rise, resulting in a higher resale value. While mortgage rates have increased in the past year, Montgomery County continues to provide prospective buyers with affordable options for homeownership. Montgomery County can simplify the process and assist you on your journey to making this dream a reality.
National Homeownership Month is the perfect time to explore purchasing a home. Montgomery County is in the business of helping families become part of the community. Call us at (937) 225-4622 to learn how we can help you become a homeowner in Montgomery County.