Ashland, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ashland, AL Real Estate Data

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ashland Housing Market Information

With 1,983 people, 1,037 houses or apartments, and a median cost of homes of $74,900, house prices in Ashland are some of the most affordable in Alabama as well as the nation.

Single-family detached homes are the single most common housing type in Ashland, accounting for 66.75% of the town's housing units. Other types of housing that are prevalent in Ashland include duplexes, homes converted to apartments or other small apartment buildings ( 23.27%), large apartment complexes or high rise apartments ( 4.81%), and a few mobile homes or trailers ( 4.64%).

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 47.41% owning and 52.59% 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 42.43% of the town's housing hails from this era. Other housing ages represented in Ashland include homes built between 1970-1999 ( 39.81%) and housing constructed between 2000 and later ( 10.06%). There's also some housing in Ashland built before 1939 ( 7.70%).

Ashland Home Appreciation Rates

Ashland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ashland during the period has been just -0.68%, which is lower than 70% of US communities.

Over the last year, Ashland appreciation rates have trailed the rest of the nation. In the last twelve months, Ashland's appreciation rate has been 1.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ashland were at -0.55%, which equates to an annual appreciation rate of -2.17%.

Notably, Ashland's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Ashland's latest annual appreciation rate is lower than 70% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$74,900

Ashland, AL HOME PRICES

Value Range
> $1,028,000 3.1
$771,001 - $1,028,000 0.0
$514,001 - $771,000 1.1
$411,001 - $514,000 0.4
$309,001 - $411,000 2.1
$205,001 - $309,000 6.0
$103,001 - $205,000 18.5
$51,001 - $103,000 36.2
$0 - $51,000 32.6

Very Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
93.5827624568183 84.25

Number Of Homes And Apartments:
1,037

Ashland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
32.84% 1.64% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$554 / per month

Homeownership Rate

Homeownership
Owners 47.41
Renters 52.59
Vacant 9.27

Housing Market Details

 

Age of Homes

AGE OF Ashland HOMES
2000 or Newer 10.1
1970 - 1999 39.8
1940 - 1969 42.4
1939 or Older 7.7

Types of Homes

TYPE OF Ashland HOMES
Single-Family 66.8
Townhomes 0.5
Small Apt. Buildings 23.3
Apt. Complexes 4.8
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Ashland HOMES
No Bedroom 5.60
1 Bedroom 11.46
2 Bedrooms 18.46
3 Bedrooms 39.02
4 Bedrooms 21.26
5 or more bedrooms 4.20

Popular Neighborhoods in Ashland

Zip Codes in Ashland, AL