Ashland, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ashland Neighborhoods Since 2000




Ashland, VA 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 7,503 people, 2,731 houses or apartments, and a median cost of homes of $196,241, 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 51.41% of the town's housing units. Other types of housing that are prevalent in Ashland include large apartment complexes or high rise apartments ( 25.09%), row houses and other attached homes ( 12.05%), and a few mobile homes or trailers ( 7.91%).

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 ( 25.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.92%). There's also some housing in Ashland built before 1939 ( 9.63%).

Ashland Home Appreciation Rates

Ashland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ashland during the period has been just -0.99%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Ashland's appreciation rate, at 4.19%, has been at or slightly above the national average. In the latest quarter, Ashland's appreciation rate has been 1.35%, which annualizes to a rate of 5.51%.

Relative to Virginia, our data show that Ashland's latest annual appreciation rate is higher than 70% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$196,241

Ashland, VA HOME PRICES

Value Range
> $1,094,000 0.0
$821,001 - $1,094,000 1.6
$547,001 - $821,000 2.1
$438,001 - $547,000 3.7
$328,001 - $438,000 10.9
$219,001 - $328,000 21.1
$109,001 - $219,000 41.9
$55,001 - $109,000 9.2
$0 - $55,000 9.5

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
33.1887964373608 47.0914127423823

Number Of Homes And Apartments:
2,731

Ashland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
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
49.21% 2.35% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,215 / per month

Homeownership Rate

Homeownership
Owners 41.89
Renters 58.11
Vacant 4.04

Housing Market Details

 

Age of Homes

AGE OF Ashland HOMES
2000 or Newer 15.9
1970 - 1999 49.4
1940 - 1969 25.1
1939 or Older 9.6

Types of Homes

TYPE OF Ashland HOMES
Single-Family 51.4
Townhomes 12.1
Small Apt. Buildings 3.5
Apt. Complexes 25.1
Mobile Homes 7.9
Other 0.0

Home Size

SIZE OF Ashland HOMES
No Bedroom 3.79
1 Bedroom 8.47
2 Bedrooms 39.49
3 Bedrooms 36.68
4 Bedrooms 10.08
5 or more bedrooms 1.48