The housing market in Ashland, IL is relatively affordable compared to the national median value of $338,100. The median value of a house in Ashland is $115,800, representing a substantial difference. In the past year the US has experienced an 8.27% appreciation in house values while Ashland has seen a slightly lower 6.36%. This slower rate of appreciation means that buyers have had more opportunity to purchase houses in Ashland at more affordable prices than in other locations. Furthermore, because the median value is significantly lower than the US average, homeowners can expect to see a solid return on their investment over time.
The median home cost in Ashland is $115,800. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Ashland is up 11.6%.
Average Age of Homes
- The median age of Ashland real estate is 51 years old
The Rental Market in Ashland
- Renters make up 17.0% of the Ashland population
- 1.9% of houses and apartments in Ashland, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.