Ashland, VA · Market Data

Ashland, Virginia real estate market data.

Real estate market data for Ashland, VA (Hanover County) — Census median home value $272,600, county listing prices down about 1.9% over the past year.

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Ashland, VA is in Hanover County, Virginia — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 7,667, with a median household income of $65,000. Census data puts Ashland's median home value at $272,600 (all owner-occupied homes); Hanover County's current median listing price runs $558,711, down about 1.9% over the past year.

At a glance

Ashland market snapshot

Population

7,667

Median Household Income

$65,000

Median Home Value (city)

$272,600

Median Listing Price (Hanover County)

$558,711

Median Gross Rent

$1,154/mo

Price Trend (YoY)

-1.9%

Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗

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Why Ashland

What makes Ashland different

Home Value, By Source

The Census Bureau's American Community Survey (2023 5-year estimate) puts Ashland's median home value — across all owner-occupied homes, not just recent sales — at $272,600. Separately, Hanover County's current median listing price (via Realtor.com data, 2026-06-01) runs $558,711. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.

County Price Trend

Hanover County's FHFA house price index shows a 3.64% annual change in 2025.

Population & Income

Ashland has an estimated population of 7,667 and a median household income of $65,000, per the Census Bureau's American Community Survey (2023 5-year estimate).

Affordability Snapshot

Ashland's Census-reported median home value works out to about 4.2x the area's median household income, and median gross rent runs roughly 21% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.

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Common questions

Ashland FAQ

What are home values like in Ashland, VA?

The Census Bureau's American Community Survey puts Ashland's median home value at $272,600. Hanover County's current median listing price runs $558,711, down about 1.9% over the past year.

What is the population of Ashland, VA?

The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Ashland's population at approximately 7,667.

What's the median rent in Ashland, VA?

The Census ACS estimates median gross rent in Ashland at approximately $1,154 per month.

What is the median household income in Ashland, VA?

Census ACS data puts the median household income in Ashland at approximately $65,000.

Is the Ashland housing market growing?

Hanover County's FHFA house price index shows a 3.64% annual change in 2025.

Is Ashland, VA affordable relative to income?

Census ACS data puts Ashland's median home value at about 4.2 times the median household income, with median gross rent equal to roughly 21% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.

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