Ashland, OH—44805
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ashland, OH
As of Oct '25, the median home price in Ashland, OH is $221,000, with a year-over-year change of 6.2%. This indicates that home prices in Ashland, OH are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $221,000 | 6.2% |
| Single Family | $222,000 | 6.2% |
| Condos | $216,000 | 5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $119,000 | 6.2% |
2 Bed | $166,000 | 5.7% |
3 Bed | $233,000 | 6.4% |
4 Bed | $302,000 | 6.3% |
| 5 Bed | $372,000 | 5.1% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Ashland, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Ashland, OH is 34. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $265,000 | 32.0% |
Listing Count | 77 | -4.0% |
| Listings as % of Homes | 0.3% | -4.0% |
Days on Market | 34 | -1.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Ashland, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $221,000 |
| Median Household Income | $62,100 |