Ashland, KY—41101
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ashland, KY
As of Oct '25, the median home price in Ashland, KY is $111,000, with a year-over-year change of 3.0%. This indicates that home prices in Ashland, KY are increasing. According to Zillow, the 1-year price projection is -2.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $111,000 | 3.0% |
| Single Family | $110,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $51,000 | 10.9% |
2 Bed | $80,000 | 5.3% |
3 Bed | $135,000 | 6.3% |
4 Bed | $212,000 | 6.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ashland, KY
As of July '25, Rentcast reports the average rent in Ashland, KY is $885, with a year-over-year rent change of 17.5%. Per bedroom, the median rent as of July '25 in Ashland, KY is 1-bedrooms: $885. The most common rental property sizes in Ashland, KY are 2-bedroom and 3-bedroom, accounting for 51.8% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $885 | $885 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $885 | $885 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ashland, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Ashland, KY is 50. 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $212,000 | 25.0% |
Listing Count | 64 | -17.0% |
| Listings as % of Homes | 0.7% | -17.0% |
Days on Market | 50 | 22.0% |
Demographics — Ashland, KY
As of the latest ACS Survey released in 2023, Ashland, KY has a population of 19,300, which has increased by 4.0% over the past 5 years. Ashland, KY is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,300 | 4.0% |
% Under 18 | 21.3% | -8.2% |
% Seniors | 17.8% | -2.2% |
% WFH | 6.9% | 137.9% |
% w/ College Degree | 22.9% | -4.2% |
As of the latest ACS Survey released in 2023, Ashland, KY is a predominantly white area, with 88.8% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Ashland, KY is hispanic, making up 2.9% of the population. Foreign-born residents account for 2.4% of the population in Ashland, KY, and this percentage has increased by 9.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.8% | -3.6% |
% Black | 1.9% | -17.4% |
% Hispanic | 2.9% | 93.3% |
% Asian | 1.3% | 18.2% |
% Foreign Born | 2.4% | 9.1% |
Mortgage and Risk — Ashland, KY
According to HUD data as of 2023, there were 276 mortgage originations in Ashland, KY, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Ashland, KY. Investor activity is low, as 9.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 276 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Ashland, KY
Ashland, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,138 |
Total Units Section 8 | 769 |
% Rentals under Section 8 | 23.0% |
% Occupied Section 8 | 90.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$25 | $885 | $860 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Ashland, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $111,000 |
| Median Household Income | $53,500 |