This is the fourth post in my series on why I’m continuing to invest in Dayton real estate in 2021 and 2022. My last article discussed why ecommerce is driving job creation in the Dayton area. Our city’s location, which is ideal for distribution and logistics, is leading to many companies investing resources into the area. This, in turn, is helping to create jobs and the price of housing is going up as a partial result. Given that geography is a trait which can’t be replicated, I believe this trend will continue. In this article I will continue to discuss our local job market, and how it impacts home prices, by looking at the environment our region offers for tech workers. If you are considering investing in single family or multifamily real estate, then contact me today to speak with a realtor.
Dayton has been named the top city for growing and attracting tech talent
It was reported in July of 2021 that Dayton was ranked first out of 75 markets in terms of an ability to grow and attract tech talent. In the five years prior to the report, the city’s tech-related employment rose by thirty-one percent and tech wages went up by another eleven percent. The average wage for a software developer, in 2020, was $92,548. The explosion of tech and software related jobs in our area is understandable. Given the presence of the University of Dayton, Wright State, and many other nearby colleges, the area does not have to look far to find those with technical engineering backgrounds. The growth of high wage jobs, of this type, is good for our local housing market.
In recent years our city has made strides to improve in ways which will appeal to younger tech workers. These include the continued improvement of our downtown area, an expansion of the riverscape outdoor complex, and more. Combine an increasingly robust list of available activities with affordable housing prices and it is understandable why our city is appealing to younger, more educated workers.
While it is true that Dayton home prices have been rising, it is important to remember that the availability of high wage work has been rising as well. As an example, one of my single-family residences became available for rent earlier this year. I received several applications in short order. Included in these applications were many individuals who were either working in the tech and software field or were attending the University of Dayton in preparation for entering the field. Given the extreme housing price crunch that is currently being felt on the coasts, along with an increased ability to work remotely, it makes sense that tech workers would choose to live in Dayton.
I will be continuing to invest in Dayton real estate, in part, due to an increase in tech related jobs
Steve Case, the founder of AOL, is just one many well-known venture capitalists who is hoping to increase tech investment in areas such as the Midwest. Given the high cost of real estate on the coasts, other tech investors have shown concern over their investment capital going to pay coastal landlords as opposed to funding a company. A city such as ours, with low real estate prices and a high talent pool, is perfect for a growing industry such as software. I believe that this good fit will lead to more good paying jobs, and property appreciation, in our area.
If you are considering investing in Dayton real estate, then contact me today to speak with an agent. I primarily focus on working with investors and I have substantial experience in dealing with both single family and multifamily units. I pride myself on providing quality service and I look forward to speaking with you. I also service the areas of Beavercreek, Centerville, Cincinnati, Clayton, Englewood, Oakwood, Fairborn, Harrison Township, Huber Heights, Kettering, Miami Township, Miamisburg, Riverside, Springboro, Trotwood, Vandalia, Washington Township, West Carrollton, and Xenia.
Note & Disclaimer: Nothing in this article, or on this website, should be construed as investment or financial advice. The opinions shared on this website are the personal, and not professional, opinion of the author and are not associated with Keller Williams Advisors. Any investment decisions should be made after consulting with a certified financial/investment professional.
 Dayton Business Journal – accessed at https://www.bizjournals.com/dayton/news/2021/07/18/dayton-tech-talent-growth.html
 Peter Thiel gripes about San Francisco rents, ‘slumlords’ in Silicon Valley – accessed at https://sf.curbed.com/2018/3/19/17138290/peter-thiel-slumlords-comments-speech-rent-sf-silicon