The typical owner-occupied home in Ashland is worth about $58,800, 77% below the Pennsylvania median of $254,500 and 82% below the national median of $332,700. Owners pay a median $1,544 a year in property taxes, about 2.63% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $52,708 a year, so the median home costs 1.1 times the median income (3.3 times for Pennsylvania). 72% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Ashland at a glance
| Ashland | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $58,800 | $254,500 | $332,700 |
| Median property tax paid per year | $1,544 | $3,311 | $3,119 |
| Property tax as a share of value | 2.63% | 1.30% | 0.94% |
| Median household income | $52,708 | $77,971 | $80,734 |
| Homes lived in by their owners | 72% | 69% | 65% |
| Owner homes with a mortgage | 37% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,060 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 24.8% | 19.4% | 21.0% |
| Median rent | $764 | $1,209 | $1,413 |
| Rent as a share of renters' income | 32.9% | 29.2% | 30.6% |
| Median year homes were built | 1938 | 1965 | 1980 |
| Vacant homes | 24.7% | 9.2% | 10.1% |
| Population | 2,324 | 13,018,639 | 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 $58,800 with 20% down costs about $470 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $568, 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 $20,135 for the 20%-down payment. That payment is 11% of the median Ashland household income of $52,708; at that income and 20% down, the 28% guideline points to a home of about $154,000.
The median rent here is $764 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,760 |
|---|---|
| Loan amount | $47,040 |
| Principal and interest | $316 |
| Property taxes (2.63% a year) | $129 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $470 |
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| Down payment | $2,058 |
|---|---|
| Loan amount | $57,735 |
| Principal and interest | $388 |
| Property taxes (2.63% a year) | $129 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $26 |
| Total per month | $568 |
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Questions about home buying in Ashland
What is the median home value in Ashland?
About $58,800 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 $1,544 a year, which is about 2.63% 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 $470 a month. Keeping that under 28% of gross income takes about $20,135 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