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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 2,734 people, 1,393 houses or apartments, and a median cost of homes of $56,020, house prices in Ashland are some of the most affordable in Pennsylvania as well as the nation.
Row houses and other attached homes are the single most common housing type in Ashland, accounting for 44.05% of the borough's housing units. Other types of housing that are prevalent in Ashland include single-family detached homes ( 27.22%), large apartment complexes or high rise apartments ( 14.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.68%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
The most prevalent building size and type in Ashland are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 61.95% owning and 38.05% renting.
The housing in Ashland was primarily built before 1939 ( 62.68%), making the housing stock in Ashland some of the oldest overall in America, although there is a range of ages of homes in Ashland. The next most important housing age is between 1940-1969 ( 20.14%), followed by between 1970-1999 ( 14.05%). There's also some housing in Ashland built between 2000 and later ( 3.13%).
Vacant housing appears to be an issue in Ashland. Fully 19.15% 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.
In the last 10 years, Ashland has experienced some of the highest home appreciation rates of any community in the nation. Ashland real estate appreciated 18.41% over the last ten years, which is an average annual home appreciation rate of 1.70%, putting Ashland in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ashland definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 3.14%, 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 -1.59%, which equates to an annual appreciation rate of -6.20%.
Notably, Ashland's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Ashland's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.
|$782,001 - $1,043,000||0.0|
|$522,001 - $782,000||0.0|
|$417,001 - $522,000||0.0|
|$313,001 - $417,000||1.6|
|$209,001 - $313,000||4.6|
|$105,001 - $209,000||8.3|
|$52,001 - $105,000||36.2|
|$0 - $52,000||49.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Ashland HOMES|
|2000 or Newer||3.1|
|1970 - 1999||14.0|
|1940 - 1969||20.1|
|1939 or Older||62.7|
|TYPE OF Ashland HOMES|
|Small Apt. Buildings||10.7|
|SIZE OF Ashland HOMES|
|5 or more bedrooms||7.89|