Ashland, VA—23005
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ashland, VA
As of Oct '25, the median home price in Ashland, VA is $432,000, with a year-over-year change of 2.0%. This indicates that home prices in Ashland, VA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $432,000 | 2.0% |
| Single Family | $447,000 | 2.3% |
| Condos | $292,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $273,000 | 3.4% |
3 Bed | $384,000 | 2.4% |
4 Bed | $609,000 | 3.4% |
| 5 Bed | $736,000 | 4.0% |
% of Housing Stock
Rental Trends — Ashland, VA
As of July '25, Rentcast reports the average rent in Ashland, VA is $2,010, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Ashland, VA is 1-bedrooms: $1,380, 2-bedrooms: $1,780, 3-bedrooms: $2,480. The most common rental property sizes in Ashland, VA are 2-bedroom and 3-bedroom, accounting for 43.8% and 38.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,650 | $1,380 |
| 2 Bed Rent | $1,800 | $1,780 |
| 3 Bed Rent | $2,350 | $2,480 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ashland, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ashland, VA is 66. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $486,000 | -3.0% |
Listing Count | 113 | -20.0% |
| Listings as % of Homes | 1.5% | -20.0% |
Days on Market | 66 | 22.0% |
Demographics — Ashland, VA
As of the latest ACS Survey released in 2023, Ashland, VA has a population of 19,500, which has increased by 14.3% over the past 5 years. Ashland, VA is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 40.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,500 | 14.3% |
% Under 18 | 19.5% | -3.5% |
% Seniors | 18.9% | 10.5% |
% WFH | 16.2% | 295.1% |
% w/ College Degree | 40.9% | 8.5% |
As of the latest ACS Survey released in 2023, Ashland, VA is a predominantly white area, with 76.2% of the population identifying as white. The white population has grown by 2.7% in the last 5 years. The second most common race or ethnicity in Ashland, VA is black, making up 13.3% of the population. Foreign-born residents account for 4.9% of the population in Ashland, VA, and this percentage has decreased by 2.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.2% | 2.7% |
% Black | 13.3% | -10.7% |
% Hispanic | 6.3% | -8.7% |
% Asian | 1.2% | 0.0% |
% Foreign Born | 4.9% | -2.0% |
Mortgage and Risk — Ashland, VA
According to HUD data as of 2023, there were 347 mortgage originations in Ashland, VA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Ashland, VA. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 347 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Ashland, VA
Ashland, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 93 |
Total Units Section 8 | 93 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$220 | $1,650 | $1,430 |
| 2 Bedroom | -$220 | $1,800 | $1,580 |
| 3 Bedroom | -$350 | $2,350 | $2,000 |
| 4 Bedroom | N/A | N/A | $2,470 |
Affordability — Ashland, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $432,000 |
| Median Household Income | $90,000 |