Ashland, OH 44805 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ashland, OH—44805

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$221,000

6.0% YoY Growth

Household Income

$62,100

19.6% YoY Growth

Days on Market

2.0% Shorter YoY

Home Price Forecast

3.0%

Median Rent

$950

14.6% YoY Growth

1-Bed Rent

$725

12.3% YoY Growth

2-Bed Rent

$825

8.0% YoY Growth

3-Bed Rent

$1,050

11.4% YoY Growth

Home Price Trends — Ashland, OH

As of Dec '25, the median home price in Ashland, OH is $221,000, with a year-over-year change of 6.0%. This indicates that home prices in Ashland, OH are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$221,000	6.0%
Single Family	$222,000	5.7%
Condos	$216,000	5.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Ashland, OH

As of July '25, Rentcast reports the average rent in Ashland, OH is $1,100, with a year-over-year rent change of 14.6%. Per bedroom, the median rent as of July '25 in Ashland, OH is studios: $725, 1-bedrooms: $814, 2-bedrooms: $864, 3-bedrooms: $1,100, 4-bedrooms: $2,040. The most common rental property sizes in Ashland, OH are 2-bedroom and 3-bedroom, accounting for 37.1% and 25.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$950	$1,100
Studio Rent	$725	$725
1 Bed Rent	$725	$814
2 Bed Rent	$825	$864
3 Bed Rent	$1,050	$1,100
4 Bed Rent	$1,400	$2,040

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% of Rental Stock

Studio

3.1%

1 Bedroom

21.4%

2 Bedrooms

37.1%

3 Bedrooms

25.4%

4 Bedrooms

9.6%

5+ Bedrooms

3.4%

Property Listings — Ashland, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Ashland, OH is 41. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$243,000	13.0%
Listing Count	71	0.0%
Listings as % of Homes	0.3%	0.0%
Days on Market	44	-2.0%

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Demographics — Ashland, OH

As of the latest ACS Survey released in 2023, Ashland, OH has a population of 31,000, which has decreased by -5.5% over the past 5 years. Ashland, OH is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 24.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	31,000	-5.5%
% Under 18	23.7%	5.3%
% Seniors	19.1%	5.5%
% WFH	7.2%	148.3%
% w/ College Degree	24.6%	-2.8%

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As of the latest ACS Survey released in 2023, Ashland, OH is a predominantly white area, with 93.2% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Ashland, OH is black, making up 1.8% of the population. Foreign-born residents account for 1.2% of the population in Ashland, OH, and this percentage has decreased by 53.8% 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	93.2%	-2.3%
% Black	1.8%	63.6%
% Hispanic	1.6%	33.3%
% Asian	0.6%	-25.0%
% Foreign Born	1.2%	-53.8%

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Mortgage and Risk — Ashland, OH

According to HUD data as of 2023, there were 497 mortgage originations in Ashland, OH, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Ashland, OH. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	497
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Ashland, OH

As of 2024, the percent of homes in Ashland, OH under the Section 8 program is 11.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Ashland, OH, because HUD payments exceed market rent, while 1-bedroom units do not.

Section 8 Market Size

Total Units under HUD	445
Total Units Section 8	409
% Rentals under Section 8	11.4%
% Occupied Section 8	84.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$55	$725	$670
2 Bedroom	$55	$825	$880
3 Bedroom	$120	$1,050	$1,170
4 Bedroom	$20	$1,400	$1,420

Ashland, OH—44805

Key Metrics at a Glance

Home Price Trends — Ashland, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ashland, OH

% of Rental Stock

Property Listings — Ashland, OH

Demographics — Ashland, OH

Race and Ethnicity

Mortgage and Risk — Ashland, OH

Mortgages

Rentals and Section 8 — Ashland, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Ashland, OH

Home Price to Income Ratio

Ashland, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Savannah

Hayesville

Polk, OH

Nova, OH

Jeromesville, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$221,000
Median Household Income	$62,100

Ashland, OH—44805

Key Metrics at a Glance

Home Price Trends — Ashland, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ashland, OH

% of Rental Stock

Property Listings — Ashland, OH

Demographics — Ashland, OH

Race and Ethnicity

Mortgage and Risk — Ashland, OH

Mortgages

Rentals and Section 8 — Ashland, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Ashland, OH

Home Price to Income Ratio

Ashland, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Savannah

Hayesville

Polk, OH

Nova, OH

Jeromesville, OH

Frequently Asked Questions

What is the average home price in Ashland, OH 44805?

How have home prices in Ashland, OH 44805 changed over the past year?

What is the home price projection for Ashland, OH 44805?

What are the demographics of Ashland, OH 44805?

How long does it take homes to sell in Ashland, OH 44805?

What is the average rent price in Ashland, OH 44805?