Sell Your Commercial Property In Montgomery County, OH

Who rents in Montgomery County

Renters head 86,837 of the 231,319 occupied households in Montgomery County, a 37.5% share in the 2020-2024 ACS. Owners outnumber them, holding 144,482 households. Dayton accounts for 30,182 of those renter households, or 34.8% of the Montgomery County total, and 34.1% of the county's units in 5+ unit buildings.

Centerville, Huber Heights and Kettering look different from Dayton. Centerville's renter share is 33.0%, Huber Heights runs 29.1%, and Kettering sits at 35.1%. Each suburb holds a smaller renter base than Dayton, but Centerville and Huber Heights post far higher rents.

Rents, growth and affordability

Montgomery County's median gross rent climbed 29.4%, from $793 to $1,026, between the 2015-2019 and 2020-2024 surveys. Median household income rose faster, up 28.3% to $66,139, though Montgomery County's population grew just 0.8%, adding 4,426 residents.

Renter households in Montgomery County slipped 0.8% over the same span, and units in 5+ unit buildings fell 1.1%, a drop of 440 units. That shrinking supply pairs with a 4.7% rental vacancy rate. Rent burden is heavy: 46.9% of Montgomery County renters paid 30% or more of income on gross rent in the 2020-2024 ACS.

HUD's FY2027 two-bedroom Fair Market Rent for the Dayton-Kettering-Beavercreek area is $1,248, effective October 1, 2026, running $222 above Montgomery County's median gross rent. That gap suggests room for rent growth in parts of the county's apartment stock.

City-by-city comparison

Dayton anchors the apartment market in Montgomery County, with 19.1% of its housing units in 5+ unit buildings and a 51.6% renter share. Centerville and Huber Heights sit at the other end, with renter shares near three in ten and rental vacancy below 5%.

Rent ranges from $918 in Dayton to $1,270 in Centerville, a $352 spread across Montgomery County. Centerville's 0.2% rental vacancy signals almost no slack in that suburb's rental stock, while Dayton's 6.3% rate gives buyers more room to test lease-up assumptions. Huber Heights pairs a 29.1% renter share with 7.5% of units in 5+ buildings, the lowest apartment density of the four cities.

Property taxes and assessment in Montgomery County

Ohio law sets a single assessment framework statewide. Under Ohio Rev. Code 5713.03, the Montgomery County auditor determines the true, or market, value of real property, including apartment buildings. Ohio Rev. Code 5715.01 and Ohio Admin. Code 5703-25-07 then set the taxable value at 35% of that market value for every real property class.

A sale in Montgomery County can trigger a reassessment once the auditor sees the new price. Buyers typically underwrite taxes off the post-sale 35% assessed value, not the seller's current bill, so a strong sale price can raise the next tax year's obligation. The Montgomery County auditor's office publishes current assessed values by parcel for owners who want a specific number before listing.

What this means if you sell in Montgomery County

When you sell commercial property in Montgomery County, OH, you are selling into a market where renters hold 37.5% of households and 15.6% of units sit in 5+ unit buildings. Dayton carries most of that renter demand, while Centerville and Kettering offer lower vacancy and higher rents. A Dayton building near the county's 4.7% vacancy rate can draw different buyer interest than a Centerville property near 0.2% vacancy.

Ohio Rev. Code 715.261 preempts local rent control, so no Montgomery County municipality can cap rents or impose rent stabilization. Transfer costs are modest: Ohio's conveyance fee runs up to $4 per $1,000 of sale price, combining the state's mandatory $1-per-$1,000 fee with the county's permissive fee under Ohio Rev. Code 322.02.

As a multifamily buyer in Montgomery County, we evaluate 5+ unit buildings from Dayton to Kettering as they stand today. Send a current rent roll, a T-12 and your latest county tax bill, and we will price the building on those numbers.