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.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Ashland County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $102,301 | $176,921 | $242,182 |
| Price Trend (Annual %) | -3.7% | 5.3% | 8.2% |
| Median Gross Rent | $664 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 0.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ashland County is about 42% lower than in Wisconsin. Rent is about 36% lower than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Ashland County: home prices fell about 3.7% a year while rent rose about 0.9% a year. That is an unusual pattern worth watching.
Median rent in Ashland County rose about 8.3% between 2015 and 2023, from $613 to $664. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Ashland County.
Buying the median-priced home in Ashland County costs roughly 12.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Ashland County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Ashland County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $102,301 | $176,921 | $242,182 |
| Median Household Income | $58,052 | $75,766 | $78,145 |
| Price-to-Income Ratio | 1.8 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ashland County fell about 34.8%, while median household income rose about 54.1% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Ashland County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.7% | 60.4% | 58.2% |
| Rental Rate | 20.1% | 28.6% | 31.3% |
| Vacancy Rate | 27.2% | 11.1% | 10.6% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Ashland County has a homeownership rate of 52.7%, lower than the Wisconsin average of 60.4%. Its housing vacancy rate is 27.2%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Ashland County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1975 | 1973 | 1978 |
| Median Number of Rooms | 5.4 | 5.6 | 5.5 |
The typical housing unit in Ashland County was built around 1975. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ashland County, Wisconsin.
What is the median home price in Ashland County, Wisconsin?
The median home price in Ashland County, Wisconsin is $102,301, lower than the Wisconsin average of $176,921.
What is the average home price in Ashland County, Wisconsin?
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 County, Wisconsin?
The median gross rent in Ashland County, Wisconsin is $664 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Ashland County in 2020?
In 2020, the median gross rent in Ashland County, Wisconsin was $636 per month.
What is the price-to-rent ratio in Ashland County, Wisconsin?
The price-to-rent ratio in Ashland County, Wisconsin is about 12.8, meaning it would take roughly 12.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Ashland County.
Are home prices or rent rising faster in Ashland County, Wisconsin?
Home prices and rent are moving in opposite directions in Ashland County: home prices fell about 3.7% a year while rent rose about 0.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Ashland County, Wisconsin?
52.7% of households in Ashland County, Wisconsin own their home, lower than the Wisconsin average of 60.4%.
What is the vacancy rate in Ashland County, Wisconsin?
The housing vacancy rate in Ashland County, Wisconsin is 27.2%, higher than the Wisconsin average of 11.1%.