Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Ashland | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $506,993 | $642,203 | $242,182 |
| Price Trend (Annual %) | 11.3% | 10.0% | 8.2% |
| Median Gross Rent | $2,060 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 7.5% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ashland is about 21% lower than in California. Rent is about 5% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Ashland, up about 11.3% and 7.5% a year respectively. Home prices are changing faster.
Median rent in Ashland rose about 74.5% between 2015 and 2023, from $1,181 to $2,060. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 6.1 yearly household incomes in Ashland.
Buying the median-priced home in Ashland costs roughly 20.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Ashland. The price-to-rent ratio in California is about 27.4.
| Metric | Ashland | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $506,993 | $642,203 | $242,182 |
| Median Household Income | $83,323 | $96,718 | $78,145 |
| Price-to-Income Ratio | 6.1 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Ashland rose about 77.0%, while median household income rose about 73.6% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Ashland | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 33.5% | 51.6% | 58.2% |
| Rental Rate | 60.5% | 40.9% | 31.3% |
| Vacancy Rate | 5.9% | 7.6% | 10.6% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Ashland has a homeownership rate of 33.5%, lower than the California average of 51.6%. Its housing vacancy rate is 5.9%, compared with 7.6% in California.
Housing Stock
| Metric | Ashland | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.98 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1965 | 1975 | 1978 |
| Median Number of Rooms | 4.2 | 5.0 | 5.5 |
The typical housing unit in Ashland was built around 1965. On average, 3.0 people live in a home with about 4.2 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ashland, California.
What is the median home price in Ashland, California?
The median home price in Ashland, California is $506,993, lower than the California average of $642,203.
What is the average home price in Ashland, California?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Ashland, California?
The median gross rent in Ashland, California is $2,060 per month, higher than the California average of $1,955.
What was the median gross rent in Ashland in 2020?
In 2020, the median gross rent in Ashland, California was $1,659 per month.
What is the price-to-rent ratio in Ashland, California?
The price-to-rent ratio in Ashland, California is about 20.5, meaning it would take roughly 20.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Ashland.
Are home prices or rent rising faster in Ashland, California?
Both home prices and rent are rising in Ashland, up about 11.3% and 7.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ashland, California?
33.5% of households in Ashland, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Ashland, California?
The housing vacancy rate in Ashland, California is 5.9%, lower than the California average of 7.6%.