Ashland, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ashland, VA Real Estate Data


Ashland Housing Market Information

With a population of 7,503, 2,609 total housing units (homes and apartments), and a median house value of $214,961, Ashland real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ashland, accounting for 51.97% of the town's housing units. Other types of housing that are prevalent in Ashland include large apartment complexes or high rise apartments ( 23.06%), row houses and other attached homes ( 12.43%), and a few mobile homes or trailers ( 7.88%).

People in Ashland primarily live in small (one, two or no bedroom) single-family detached homes. Ashland has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Ashland 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 built between 1940-1969 ( 25.15%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.81%). There's also some housing in Ashland built before 1939 ( 9.04%).

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 -0.34% during the period.

NeighborhoodScout's data show that during the latest twelve months, Ashland's appreciation rate, at 5.20%, has been at or slightly above the national average. In the latest quarter, Ashland's appreciation rate has been 2.03%, which annualizes to a rate of 8.38%.

Relative to Virginia, our data show that Ashland's latest annual appreciation rate is higher than 80% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$214,961

Ashland, VA HOME PRICES

Value Range
> $1,124,000 1.4
$843,001 - $1,124,000 2.7
$562,001 - $843,000 1.5
$450,001 - $562,000 4.1
$337,001 - $450,000 10.7
$225,001 - $337,000 23.5
$113,001 - $225,000 38.4
$56,001 - $113,000 7.5
$0 - $56,000 10.4

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
29.6422088188792 41.5512465373961

Number Of Homes And Apartments:
2,609

Rent & Ownership

 

Average Market Rent:
$966 / per month

Homeownership Rate

Homeownership
Owners 44.38
Renters 55.62
Vacant 5.71

Housing Market Details

 

Age of Homes

AGE OF Ashland HOMES
2000 or Newer 13.8
1970 - 1999 52.0
1940 - 1969 25.2
1939 or Older 9.0

Types of Homes

TYPE OF Ashland HOMES
Single-Family 52.0
Townhomes 12.4
Small Apt. Buildings 4.7
Apt. Complexes 23.1
Mobile Homes 7.9
Other 0.0

Home Size

SIZE OF Ashland HOMES
No Bedroom 3.14
1 Bedroom 8.82
2 Bedrooms 39.79
3 Bedrooms 37.19
4 Bedrooms 9.29
5 or more bedrooms 1.77

Ashland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
53.57% 2.56% 5 7
* 10 is highest