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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, VA 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 2024. 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, VA Housing Market Trends

With 7,750 people, 2,724 houses or apartments, and a median cost of homes of $421,762, Ashland real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ashland, accounting for 52.31% of the town's housing units. Other types of housing that are prevalent in Ashland include large apartment complexes or high rise apartments ( 18.36%), mobile homes or trailers ( 14.03%), and a few row houses and other attached homes ( 10.01%).

The most prevalent building size and type in Ashland are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 41.63% owning and 58.37% renting.

There is a lot of housing in Ashland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ashland built between 1940-1969 ( 23.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.89%). There's also some housing in Ashland built before 1939 ( 13.50%).

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 5.92% 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 8.62%, which is higher than appreciation rates in 77.09% 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 2.48%, which equates to an annual appreciation rate of 10.31%.

Relative to Virginia, our data show that Ashland's latest annual appreciation rate is higher than 90% of the other cities and towns in Virginia.

Average Home Values

Median Home Value

$421,762

Ashland, VA Home Prices
> $1,419,000
$1,065,001 - $1,419,000
$710,001 - $1,065,000
$568,001 - $710,000
$426,001 - $568,000
$284,001 - $426,000
$142,001 - $284,000
$71,001 - $142,000
$0 - $71,000
0.5%
0.5%
1.8%
1.8%
8.0%
8.0%
10.4%
10.4%
28.6%
28.6%
31.8%
31.8%
9.6%
9.6%
1.4%
1.4%
7.9%
7.9%
0% 100.0%
% of Homes
High

for Virginia

High

for nation

Number of Homes And Apartments:

2,724

Ashland Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,251 / per month

Homeownership Rate

Owners
Renters
41.6%
41.6%
58.4%
58.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.4%
9.4%
90.6%
90.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.9%
19.9%
43.1%
43.1%
23.5%
23.5%
13.5%
13.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
52.3%
52.3%
10.0%
10.0%
5.2%
5.2%
18.4%
18.4%
14.0%
14.0%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
8.3%
8.3%
6.2%
6.2%
30.6%
30.6%
42.2%
42.2%
9.4%
9.4%
3.3%
3.3%
0% 100.0%
% of Homes