Ashland, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ashland, OH Real Estate Data


Ashland Housing Market Information

With 20,317 people, 8,258 houses or apartments, and a median cost of homes of $140,383, Ashland real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Ashland, accounting for 61.04% of the city's housing units. Other types of housing that are prevalent in Ashland include large apartment complexes or high rise apartments ( 15.44%), duplexes, homes converted to apartments or other small apartment buildings ( 13.16%), and a few row houses and other attached homes ( 5.79%).

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 54.24% owning and 45.76% 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 35.12% of the city's housing hails from this era. Other housing ages represented in Ashland include homes built between 1970-1999 ( 27.87%) and housing constructed before 1939 ( 27.51%). There's also some housing in Ashland built between 2000 and later ( 9.51%).

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 -0.80% during the period.

NeighborhoodScout's data show that during the latest twelve months, Ashland's appreciation rate, at 3.43%, has been at or slightly above the national average. In the latest quarter, Ashland's appreciation rate has been -0.54%, which annualizes to a rate of -2.15%.

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

Relative to Ohio, our data show that Ashland's latest annual appreciation rate is lower than 50% 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:
$140,383

Ashland, OH HOME PRICES

Value Range
> $1,075,000 0.0
$806,001 - $1,075,000 0.1
$537,001 - $806,000 0.5
$430,001 - $537,000 1.3
$322,001 - $430,000 2.1
$215,001 - $322,000 8.4
$108,001 - $215,000 40.3
$54,001 - $108,000 35.3
$0 - $54,000 11.9

Average for OH
Average for Nation

Value Relative to Nation Value Relative to State
54.4122817297551 45.2755905511811

Number Of Homes And Apartments:
8,258

Rent & Ownership

 

Average Market Rent:
$857 / per month

Homeownership Rate

Homeownership
Owners 54.24
Renters 45.76
Vacant 8.29

Housing Market Details

 

Age of Homes

AGE OF Ashland HOMES
2000 or Newer 9.5
1970 - 1999 27.9
1940 - 1969 35.1
1939 or Older 27.5

Types of Homes

TYPE OF Ashland HOMES
Single-Family 61.0
Townhomes 5.8
Small Apt. Buildings 13.2
Apt. Complexes 15.4
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Ashland HOMES
No Bedroom 1.02
1 Bedroom 11.93
2 Bedrooms 33.23
3 Bedrooms 41.06
4 Bedrooms 10.62
5 or more bedrooms 2.14

Ashland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
3.04% 0.17% 3 1
* 10 is highest