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 a population of 4,649, 1,974 total housing units (homes and apartments), and a median house value of $136,551, house prices in Ashland City are solidly below the national average.
Single-family detached homes are the single most common housing type in Ashland City, accounting for 56.05% of the town's housing units. Other types of housing that are prevalent in Ashland City include large apartment complexes or high rise apartments ( 30.85%), row houses and other attached homes ( 5.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.59%).
The most prevalent building size and type in Ashland City are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.89% owning and 42.11% renting.
There is a lot of housing in Ashland City built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ashland City built between 2000 and later ( 34.16%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.71%). There's also some housing in Ashland City built before 1939 ( 1.06%).
Vacant housing appears to be an issue in Ashland City. Fully 12.89% of the housing stock is classified as vacant. Left unchecked, vacant Ashland City homes and apartments can be a drag on the real estate market, holding Ashland City 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.
Appreciation rates for homes in Ashland City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.43%, which ranks in the top 40% nationwide. This equates to an annual average Ashland City house appreciation rate of 0.72%.
Appreciation rates are so strong in Ashland City that despite a nationwide downturn in the housing market, Ashland City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ashland City appreciation rates continue to be some of the highest in America, at 7.94%, which is higher than appreciation rates in 86.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ashland City. Ashland City appreciation rates in the latest quarter were at 2.76%, which equates to an annual appreciation rate of 11.51%.
Importantly, this makes Ashland City one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Tennessee, our data show that Ashland City's latest annual appreciation rate is higher than 80% of the other cities and towns in Tennessee.
|$909,001 - $1,212,000||0.0|
|$606,001 - $909,000||0.0|
|$484,001 - $606,000||1.3|
|$363,001 - $484,000||3.0|
|$242,001 - $363,000||15.0|
|$121,001 - $242,000||45.3|
|$61,001 - $121,000||30.3|
|$0 - $61,000||5.2|
|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 City HOMES|
|2000 or Newer||34.2|
|1970 - 1999||37.1|
|1940 - 1969||27.7|
|1939 or Older||1.1|
|TYPE OF Ashland City HOMES|
|Small Apt. Buildings||4.6|
|SIZE OF Ashland City HOMES|
|5 or more bedrooms||1.46|