Ashland, Kentucky is a mid-sized city with a population of 21,294 inhabitants. If we look at the most recent Census, Ashland is known to have a predominantly White population. The next two most common races are Black and Asian. Not a fan of sitting in traffic? One big advantage of living in Ashland is the reasonable commute times to work. With an average one way commute time of 19 minutes, getting to work is faster than the national average of 26 minutes.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Ashland, Kentucky could be a good experience for anyone who puts in the effort to do the research required. To help you find the best places to live in and around Ashland, AreaVibes has created a livability score using key metrics like cost of living, weather, employment, housing and more.
Ashland, KY receives 69 out of 100 for its livability score; this results in a ranking of #273 in Kentucky and #11,428 in the USA. Based on the grades for each individual category, Ashland has been rewarded with high marks for amenities (A+) and cost of living (A-). There are some categories that Ashland ranks poorly for, including: employment (D-) and housing (F). It might be worth taking a closer look to determine why.
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Ashland has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive.
Crime rates can be the deciding factor for anyone looking to relocate to a new area. Ashland gets top scores for their low violent crime rates of 186 crimes per 100,000 residents, which are significantly lower than the national average.
Assuming that Ashland meets all of your requirements, the next most important item to examine is the affordability of real estate in Ashland. Everything else becomes a lot less important if it turns out that home prices in Ashland are simply unattainable. Median real estate prices in Ashland come in at $93,400, which is 25.9% lower than the Kentucky average. The home price to income ratio compares the median home prices to the median household income. In Ashland, the home price to income ratio is 2.4, which is 14.3% lower than the Kentucky average. Year over year appreciation rates for homes in the Ashland area were 7.6% and the 5 year appreciation rates came in at 1%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.