Ashland, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ashland Neighborhoods Since 2000




Ashland, PA 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 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.

Ashland Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$56,020

Ashland, PA HOME PRICES

Value Range
> $1,043,000 0.0
$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

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
98.7108871440291 97.3913043478261

Number Of Homes And Apartments:
1,393

Ashland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
46.60% 2.24% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$583 / per month

Homeownership Rate

Homeownership
Owners 61.95
Renters 38.05
Vacant 19.15

Housing Market Details

 

Age of Homes

AGE OF Ashland HOMES
2000 or Newer 3.1
1970 - 1999 14.0
1940 - 1969 20.1
1939 or Older 62.7

Types of Homes

TYPE OF Ashland HOMES
Single-Family 27.2
Townhomes 44.1
Small Apt. Buildings 10.7
Apt. Complexes 15.0
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Ashland HOMES
No Bedroom 0.58
1 Bedroom 14.16
2 Bedrooms 24.14
3 Bedrooms 41.85
4 Bedrooms 11.38
5 or more bedrooms 7.89