Dayton vs Scranton for First-Time Homebuyers (2026)
Scroll down for down payment requirements, savings timelines, and FAQ.
Your move simulator
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Estimated annual swing
−$908/yr
Favoring Scranton for this income & household (illustrative).
With an extra $76/mo in Scranton, you could max a Roth IRA contribution faster and still grow your savings buffer.
Complete the Picture
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Mortgage rates
Check mortgage rates in Scranton before you commit
Pre-approval is free, tells you exactly what you can afford, and locks nothing in.
High-yield savings
Grow your move fund while rates are high
Even $76/mo extra earns meaningfully at 4–5% APY vs near-zero in checking.
Home + auto bundle
New state — compare rates before you sign
Moving to Scranton resets your insurance profile. Bundling home + auto often saves 15–25%.
Full first-time buyer cost breakdown
| Metric | Dayton Ohio | Scranton Pennsylvania | Your impact |
|---|---|---|---|
| Median home price | $200K | $165KBetter | — |
| Price-to-income ratio | 4× | 3.6×Better | — |
| Down payment (20%) | $40,000 | $33,000Better | — |
| Months to save down payment | 10 mo | 9 moBetter | — |
| Est. monthly mortgage (7%, 30yr) | $1,064 | $878Better | $2,232/yr saves in Scranton |
| Monthly utilities | $162Better | $165 | — |
| State income tax | 3.5% | 3.1%Better | $300/yr saves in Scranton |
| Sales tax (combined) | 7.2% | 6%Better | — |
| Overall COL index (100 = US avg) | 83Better | 83 | — |
Your biggest money opportunities based on this comparison.
Mortgage savings
Scranton: ~$186/mo less in mortgage payments
Compare mortgage rates and lenders — even 0.5% lower can save tens of thousands over 30 years.
Down payment savings
Scranton requires $7K less for a 20% down payment
Park your down payment savings in a high-yield account — earn 4–5% APY while you save.
New homeowner must-have
You'll need homeowners insurance from day one
Lenders require it. Compare plans now so you're ready to close — the right policy also protects against disasters.
Complete the Picture
While you’re comparing — don’t leave money on the table.
Mortgages
See what you can afford in Scranton
Compare rates from top lenders before your move — pre-approval is free and won't affect your score.
Home & Auto Insurance
Bundle before you move — save 15–25%
New state means new rates. Lock in Scranton homeowners + auto quotes before your move date.
Moving Rewards Card
Turn closing costs & moving expenses into cash back
Average family spends $6,200 on a move. These cards pay 2–4% back + 0% intro APR on purchases.
Frequently asked questions
Is Dayton or Scranton better for first-time homebuyers?
Based on home prices, price-to-income ratios, taxes, and overall affordability, Scranton scores better for first-time homebuyers. The price-to-income ratio is 4× in Dayton (moderate) vs 3.6× in Scranton (moderate). Median home prices are $200K in Dayton vs $165K in Scranton. The best choice depends on your career, savings timeline, and long-term plans.
What is the down payment needed to buy in Dayton vs Scranton?
A standard 20% down payment is $40,000 in Dayton and $33,000 in Scranton. FHA minimum (3.5%): $7,000 in Dayton vs $5,775 in Scranton. FHA loans allow lower down payments but require mortgage insurance premiums (MIP) for the life of the loan if you put down less than 10%.
What would my mortgage be in Dayton vs Scranton?
Assuming 20% down, 7% fixed rate, 30-year term: estimated monthly principal and interest is $1,064 in Dayton and $878 in Scranton. That's a difference of $186/month. Note: actual payments will also include property taxes, homeowner's insurance, and possibly PMI. Mortgage rates change frequently — use these as a baseline only.
How long would it take to save for a down payment in Dayton?
Saving 15% of gross income monthly, it would take approximately 5 years 4 months to save a 20% down payment in Dayton ($40,000 needed) vs 4 years 9 months in Scranton ($33,000 needed). This assumes no existing savings. Many first-time buyers combine down payment savings with gift funds or down payment assistance programs to shorten this timeline.
Which city has lower property and income taxes for homeowners?
Dayton has a 3.5% state income tax rate vs Scranton's 3.1% rate. On a $183,000/yr income, the difference is ~$61/month in take-home pay. Property taxes vary significantly by neighborhood and assessed value — check local county rates when evaluating specific homes.
$75K in Dayton has the same purchasing power as $75K in Scranton
Mortgage estimate assumes 20% down payment at 7% fixed rate, 30-year term. Actual rates vary. Down payment savings timeline assumes 15% of gross income saved monthly. Data: Zillow, BLS, Tax Foundation · Q1 2026