The typical owner-occupied home in Ashland is worth about $156,300, 28% below the Louisiana median of $216,500 and 53% below the national median of $332,700. Owners pay a median $471 a year in property taxes, about 0.30% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $43,239 a year, so the median home costs 3.6 times the median income (3.6 times for Louisiana). 66% of occupied homes here are lived in by their owners, and 18% of those owners still have a mortgage.
Ashland at a glance
| Ashland | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $156,300 | $216,500 | $332,700 |
| Median property tax paid per year | $471 | $1,180 | $3,119 |
| Property tax as a share of value | 0.30% | 0.55% | 0.94% |
| Median household income | $43,239 | $60,756 | $80,734 |
| Homes lived in by their owners | 66% | 67% | 65% |
| Owner homes with a mortgage | 18% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,438 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 27.5% | 20.4% | 21.0% |
| Median rent | – | $1,064 | $1,413 |
| Median year homes were built | 1979 | 1983 | 1980 |
| Vacant homes | 40.8% | 14.4% | 10.1% |
| Population | 151 | 4,611,961 | 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 $156,300 with 20% down costs about $945 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,206, 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 $40,515 for the 20%-down payment. That payment is 26% of the median Ashland household income of $43,239; at that income and 20% down, the 28% guideline points to a home of about $167,000.
| Down payment | $31,260 |
|---|---|
| Loan amount | $125,040 |
| Principal and interest | $841 |
| Property taxes (0.30% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $945 |
Change the numbers in the calculator
| Down payment | $5,470 |
|---|---|
| Loan amount | $153,469 |
| Principal and interest | $1,032 |
| Property taxes (0.30% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,206 |
Change the numbers in the calculator
Questions about home buying in Ashland
What is the median home value in Ashland?
About $156,300 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 $471 a year, which is about 0.30% 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 $945 a month. Keeping that under 28% of gross income takes about $40,515 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