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Market MapAshland, OH
Metropolitan Area

Ashland, OH

Ohio0
61
/100
Buy
#484 of 894 metros
Top 54% nationally for investing

Market Snapshot

$246,049
Median Home Price
3% below national median
$908/mo
Median Rent
34% below national median
4.43%
Rent-to-Price Ratio
Top 86% nationally
-$700
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$246,049
Down Payment (20%)$49,210
Loan Amount$196,839
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$908
Monthly P&I-$1,290
Est. Expenses (35%)-$318
Net Cash Flow-$700/mo
2.9%
Cap Rate (all cash)
-14.8%
Cash-on-Cash Return
4.43%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 2.9% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
61/100
61
Cash Flow(30%)
36/100

Based on 4.43% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
90/100

Based on 6.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
77/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Strong price appreciation (+6.0% YoY)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Below-average rent-to-price ratio (4.43%)
  • -Negative cash flow at typical financing (-$700/mo)
  • -Negative leverage (cap rate 2.9% < mortgage rate 6.9%)

Counties in Ashland, OH

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Elmira, NY
Elmira, NY
81$161,607$1,2639.38%Strong BuyView
Lamesa, TX
Lamesa, TX
81$113,282Est.Strong BuyView
Lincoln, IL
Lincoln, IL
81$142,630Est.Strong BuyView
Union City, TN
Union City, TN
80$166,036Est.Strong BuyView
Guymon, OK
Guymon, OK
80$168,571Est.Strong BuyView
Current
Ashland, OH
61$246,049$9084.43%Buy

The Bottom Line

BuyAshland, OH offers solid investment potential with good cash flow or appreciation prospects.

The Ashland, OH metro area scores 61/100, ranking #484 of 894 US metros (top 54%). The 4.43% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-700/mo
Cap Rate
2.9%
Cash-on-Cash
-17.1%

Ready to Invest in Ashland, OH?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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