Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 7,874 people, 3,437 houses or apartments, and a median cost of homes of $242,889, house prices in Ashland are solidly below the national average.
Single-family detached homes are the single most common housing type in Ashland, accounting for 69.21% of the city's housing units. Other types of housing that are prevalent in Ashland include large apartment complexes or high rise apartments ( 13.83%), duplexes, homes converted to apartments or other small apartment buildings ( 12.84%), and a few mobile homes or trailers ( 2.08%).
The most prevalent building size and type in Ashland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.59% owning and 43.41% renting.
The housing in Ashland was primarily built before 1939 ( 37.65%), making the housing stock in Ashland some of the oldest overall in America, although there is a range of ages of homes in Ashland. The next most important housing age is between 1970-1999 ( 31.67%), followed by between 1940-1969 ( 23.43%). There's also some housing in Ashland built between 2000 and later ( 7.25%).
Vacant housing appears to be an issue in Ashland. Fully 10.63% of the housing stock is classified as vacant. Left unchecked, vacant Ashland homes and apartments can be a drag on the real estate market, holding Ashland real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Ashland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.25% during the period.
Appreciation rates are so strong in Ashland that despite a nationwide downturn in the housing market, Ashland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ashland appreciation rates continue to be some of the highest in America, at 10.37%, which is higher than appreciation rates in 88.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ashland. Ashland appreciation rates in the latest quarter were at 1.16%, which equates to an annual appreciation rate of 4.73%.
Relative to Wisconsin, our data show that Ashland's latest annual appreciation rate is higher than 80% of the other cities and towns in Wisconsin.
$242,889
for Wisconsin
for nation
3,437
$1,019 / per month