The typical owner-occupied home in Ashland is worth about $159,300, 24% below the Alabama median of $209,900 and 52% below the national median of $332,700. Owners pay a median $535 a year in property taxes, about 0.34% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $42,308 a year, so the median home costs 3.8 times the median income (3.3 times for Alabama). 61% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Ashland at a glance
| Ashland | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $159,300 | $209,900 | $332,700 |
| Median property tax paid per year | $535 | $788 | $3,119 |
| Property tax as a share of value | 0.34% | 0.38% | 0.94% |
| Median household income | $42,308 | $63,999 | $80,734 |
| Homes lived in by their owners | 61% | 70% | 65% |
| Owner homes with a mortgage | 61% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,484 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 23.5% | 19.0% | 21.0% |
| Median rent | $366 | $1,007 | $1,413 |
| Rent as a share of renters' income | 30.7% | 29.5% | 30.6% |
| Median year homes were built | 1980 | 1986 | 1980 |
| Vacant homes | 12.8% | 14.5% | 10.1% |
| Population | 1,797 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Ashland
At this week's average 30-year rate of 7.11%, buying the median Ashland home of $159,300 with 20% down costs about $969 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,234, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $41,520 for the 20%-down payment. That payment is 27% of the median Ashland household income of $42,308; at that income and 20% down, the 28% guideline points to a home of about $162,000.
The median rent here is $366 a month, so owning the median home costs about $603 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,860 |
|---|---|
| Loan amount | $127,440 |
| Principal and interest | $857 |
| Property taxes (0.34% a year) | $45 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| PMI | $0 |
| Total per month | $969 |
Change the numbers in the calculator
| Down payment | $5,576 |
|---|---|
| Loan amount | $156,415 |
| Principal and interest | $1,052 |
| Property taxes (0.34% a year) | $45 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| FHA mortgage insurance | $70 |
| Total per month | $1,234 |
Change the numbers in the calculator
Questions about home buying in Ashland
What is the median home value in Ashland?
About $159,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ashland?
Homeowners pay a median $535 a year, which is about 0.34% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Ashland?
For the median home with 20% down at 7.11%, the payment is about $969 a month. Keeping that under 28% of gross income takes about $41,520 a year.
More about Ashland
- Mortgage Refinance in Ashland
- Debt Relief in Ashland
- Home Equity Loans in Ashland
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data