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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Ashland, OH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ashland, OH Housing Market Trends

With 19,015 people, 7,944 houses or apartments, and a median cost of homes of $224,165, house prices in Ashland are solidly below the national average.

Single-family detached homes are the single most common housing type in Ashland, accounting for 64.91% of the city's housing units. Other types of housing that are prevalent in Ashland include duplexes, homes converted to apartments or other small apartment buildings ( 13.40%), large apartment complexes or high rise apartments ( 11.29%), and a few row houses and other attached homes ( 5.75%).

The most prevalent building size and type in Ashland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.62% owning and 41.38% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Ashland's housing was primarily built during this period, from the '40s through the '60s. A full 34.26% of the city's housing hails from this era. Other housing ages represented in Ashland include homes built between 1970-1999 ( 28.64%) and housing constructed before 1939 ( 27.06%). There's also some housing in Ashland built between 2000 and later ( 10.04%).

Vacant housing appears to be an issue in Ashland. Fully 10.25% of the housing stock is classified as vacant. Left unchecked, vacant Ashland homes and apartments can be a drag on the real estate market, holding Ashland real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Ashland Home Appreciation Rates

Real estate appreciation rates in Ashland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.07% during the period.

NeighborhoodScout's data show that during the latest twelve months, Ashland's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Ashland's appreciation rate has been 0.97%, which annualizes to a rate of 3.94%.

Relative to Ohio, our data show that Ashland's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ashland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ashland - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ashland real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$224,165

Ashland, OH Home Prices
> $1,328,000
$996,001 - $1,328,000
$664,001 - $996,000
$531,001 - $664,000
$398,001 - $531,000
$265,001 - $398,000
$133,001 - $265,000
$66,001 - $133,000
$0 - $66,000
0.3%
0.3%
0.6%
0.6%
1.6%
1.6%
1.3%
1.3%
4.5%
4.5%
15.7%
15.7%
45.8%
45.8%
21.1%
21.1%
9.1%
9.1%
0% 100.0%
% of Homes
Average

for Ohio

Low

for nation

Number of Homes And Apartments:

7,944

Ashland Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,230 / per month

Homeownership Rate

Owners
Renters
58.6%
58.6%
41.4%
41.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.2%
10.2%
89.8%
89.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.0%
10.0%
28.6%
28.6%
34.3%
34.3%
27.1%
27.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.9%
64.9%
5.8%
5.8%
13.4%
13.4%
11.3%
11.3%
4.7%
4.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
9.4%
9.4%
33.5%
33.5%
43.3%
43.3%
10.0%
10.0%
2.0%
2.0%
0% 100.0%
% of Homes