Ashland, IL—62612
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ashland, IL
Ashland, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $129,000 | 5.2% |
| Single Family | $129,000 | 5.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $80,000 | 1.3% |
3 Bed | $126,000 | 4.1% |
4 Bed | $180,000 | 5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ashland, IL
Ashland, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Ashland, IL is 17. This is a decrease of -46.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $116,000 | 4.0% |
Listing Count | 4 | -40.0% |
| Listings as % of Homes | 0.6% | -40.0% |
Days on Market | 17 | -46.0% |
Demographics — Ashland, IL
As of the latest ACS Survey released in 2023, Ashland, IL has a population of 1,490, which has decreased by -17.2% over the past 5 years. Ashland, IL is a popular place for families, as children make up 26.0% of the population. The area has a poorly educated workforce, with 20.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,490 | -17.2% |
% Under 18 | 26.0% | 50.3% |
% Seniors | 22.3% | 14.4% |
% WFH | 6.1% | -30.7% |
% w/ College Degree | 20.0% | -8.3% |
As of the latest ACS Survey released in 2023, Ashland, IL is a predominantly white area, with 97.7% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Ashland, IL is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.0% of the population in Ashland, IL, and this percentage has decreased by 100.0% 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 | 97.7% | 0.0% |
% Black | 0.1% | -75.0% |
% Hispanic | 0.7% | -22.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Ashland, IL
According to HUD data as of 2023, there were 31 mortgage originations in Ashland, IL, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Ashland, IL. Investor activity is low, as 6.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 31 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 6.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Ashland, IL
Ashland, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $970 |
| 2 Bedroom | N/A | N/A | $1,100 |
| 3 Bedroom | N/A | N/A | $1,490 |
| 4 Bedroom | N/A | N/A | $1,830 |
Affordability — Ashland, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $129,000 |
| Median Household Income | $61,800 |