Ashland, Kentucky Real Estate & Housing Market

Ashland, KY Listings

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Ashland Housing Information

Index	Ashland	Kentucky	National
Median home price	$93,400	$126,100	$184,700
Median rent asked	$611	$690	$949
Avg. people per household	2.3	2.5	2.6
Owner occupied households	61.2%	66.8%	63.6%
Renter occupied households	38.9%	33.2%	36.4%

A general summary of the real estate market in Ashland, KY is listed above. Properties in Ashland, KY average a cost of $93,400, which is 26% lower than the median home price for real estate located in Kentucky. This means that the region of Ashland, KY is, on average, more affordable when compared to the remainder of Kentucky. Since tenants living in Ashland, KY will pay an average of $611, the median rental cost is 11% lower than in Kentucky. 61.2% of people in Ashland, KY own their own homes, and an average of 2.3 people inhabit each property. Ashland, KY has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Ashland Home Affordability

When starting your search for real estate in Ashland, KY, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Ashland, KY costs $93,400 while each household has an average income of $39,742. Consequently, the ratio of home price to household income is 2.4x; this ratio is 16% lower than the average in Kentucky. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Ashland, KY. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Ashland, KY.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Kenova, WV	3,112	$69,800	62%
Catlettsburg, KY	1,866	$71,400	61%
Wurtland, KY	1,159	$73,500	60%
Greenup, KY	1,110	$74,600	60%
Cannonsburg, KY	602	$76,600	59%
Ashland, KY	21,294	$93,400	49%

Cities with similar population

City, State	Population	Home Price	National Avg.
Marquette, MI	21,282	$166,300	10%
Edgewater, FL	21,306	$129,700	30%
Frederickson, WA	21,307	$215,000	16%
East Ridge, TN	21,311	$116,200	37%
Klamath Falls, OR	21,322	$139,300	25%
Ashland, KY	21,294	$93,400	49%

Source: The Ashland, KY housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).