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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 20,275 people, 8,059 houses or apartments, and a median cost of homes of $160,819, 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 61.35% 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 ( 16.36%), large apartment complexes or high rise apartments ( 12.33%), and a few mobile homes or trailers ( 5.17%).

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 54.46% owning and 45.54% 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 37.00% of the city's housing hails from this era. Other housing ages represented in Ashland include homes built between 1970-1999 ( 27.99%) and housing constructed before 1939 ( 23.90%). There's also some housing in Ashland built between 2000 and later ( 11.11%).

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 3.17% during the period.

Appreciation rates are so strong in Ashland that despite a nationwide downturn in the housing market, Ashland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ashland appreciation rates continue to be some of the highest in America, at 10.57%, which is higher than appreciation rates in 72.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ashland. Ashland appreciation rates in the latest quarter were at 2.25%, which equates to an annual appreciation rate of 9.31%.

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:
$160,819

Ashland, OH HOME PRICES

> $1,225,000
0.0%
0.0%
$919,001 - $1,225,000
0.1%
0.1%
$613,001 - $919,000
0.4%
0.4%
$490,001 - $613,000
1.1%
1.1%
$367,001 - $490,000
2.1%
2.1%
$245,001 - $367,000
10.3%
10.3%
$122,001 - $245,000
43.3%
43.3%
$61,001 - $122,000
33.8%
33.8%
$0 - $61,000
8.9%
8.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for OH

Value Relative To Nation

Number Of Homes And Apartments:
8,059

Ashland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
33.60% 1.36%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,038 / per month

Homeownership Rate

Owners
54.5%
54.5%
Renters
45.5%
45.5%
Vacant
9.3%
9.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.1%
11.1%
1970 - 1999
28.0%
28.0%
1940 - 1969
37.0%
37.0%
1939 or Older
23.9%
23.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.3%
61.3%
Townhomes
4.8%
4.8%
Small Apt. Buildings
16.4%
16.4%
Apt. Complexes
12.3%
12.3%
Mobile Homes
5.2%
5.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
11.5%
11.5%
2 Bedrooms
31.3%
31.3%
3 Bedrooms
43.1%
43.1%
4 Bedrooms
9.8%
9.8%
5 or more bedrooms
2.7%
2.7%
0.0% 100.0%
% OF HOMES