Ashland, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ashland Neighborhoods Since 2000




Ashland, KY 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 Q1 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 21,108 people, 8,962 houses or apartments, and a median cost of homes of $104,414, 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 74.40% of the city's housing units. Other types of housing that are prevalent in Ashland include large apartment complexes or high rise apartments ( 15.42%), duplexes, homes converted to apartments or other small apartment buildings ( 7.83%), and a few row houses and other attached homes ( 1.28%).

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 59.93% owning and 40.07% 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 46.10% of the city's housing hails from this era. Other housing ages represented in Ashland include homes built before 1939 ( 25.64%) and housing constructed between 1970-1999 ( 23.20%). There's also some housing in Ashland built between 2000 and later ( 5.06%).

Vacant housing appears to be an issue in Ashland. Fully 11.62% 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

Appreciation rates for homes in Ashland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.34%, which ranks in the top 50% nationwide. This equates to an annual average Ashland house appreciation rate of 0.03%.

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 -0.81%, 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 -1.61%, which equates to an annual appreciation rate of -6.28%.

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

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

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:
$104,414

Ashland, KY HOME PRICES

Value Range
> $1,005,000 1.0
$754,001 - $1,005,000 0.0
$503,001 - $754,000 0.8
$402,001 - $503,000 1.3
$302,001 - $402,000 2.8
$201,001 - $302,000 6.3
$101,001 - $201,000 31.4
$50,001 - $101,000 34.9
$0 - $50,000 21.4

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
74.6572131723895 53.1328320802005

Number Of Homes And Apartments:
8,962

Ashland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
25.85% 1.34% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$914 / per month

Homeownership Rate

Homeownership
Owners 59.93
Renters 40.07
Vacant 11.62

Housing Market Details

 

Age of Homes

AGE OF Ashland HOMES
2000 or Newer 5.1
1970 - 1999 23.2
1940 - 1969 46.1
1939 or Older 25.6

Types of Homes

TYPE OF Ashland HOMES
Single-Family 74.4
Townhomes 1.3
Small Apt. Buildings 7.8
Apt. Complexes 15.4
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Ashland HOMES
No Bedroom 2.02
1 Bedroom 8.93
2 Bedrooms 32.12
3 Bedrooms 37.80
4 Bedrooms 14.54
5 or more bedrooms 4.60