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Market MapOhioAshland

Ashland County

OhioPopulation: 52,522
61
/100
Buy
#461 of 1,000 counties
#75 in Ohio (88 counties)

Market Snapshot

$232,439
Median Home Price
15% below national median
$903/mo
Median Rent
40% below national median
4.66%
Rent-to-Price Ratio
Top 82% nationally
-$631
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$232,439
Down Payment (20%)$46,488
Loan Amount$185,951
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$903
Monthly P&I-$1,218
Est. Expenses (35%)-$316
Net Cash Flow-$631/mo
3.0%
Cap Rate (all cash)
-14.2%
Cash-on-Cash Return
4.66%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.0% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
61/100
61
Cash Flow(30%)
40/100

Based on 4.66% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
86/100

Based on 5.2% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
74/100

Price-to-income ratio of 3.7x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Strong price appreciation (+5.2% YoY)
  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

  • -Below-average rent-to-price ratio (4.66%)
  • -Negative cash flow at typical financing (-$631/mo)
  • -Negative leverage (cap rate 3.0% < mortgage rate 6.9%)

Economic Indicators

Population
52,522
Median Income
$62,254
vs $62,400 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.7x
Moderately affordable

Compare to Nearby Counties

CountyVerdict
WarrenOH
63$395,975$1,9355.86%BuyView
WayneOH
63$254,205$1,1255.31%BuyView
CurrentAshlandOH
61$232,439$9034.66%Buy
LickingOH
60$327,794$1,6305.97%BuyView
PickawayOH
60$318,045$1,4045.30%BuyView
FranklinOH
59$288,459$1,4786.15%HoldView

The Bottom Line

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

Ashland County in Ohio scores 61/100, ranking #461 of 1,000 US counties (top 46%). The 4.66% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-631/mo
Cap Rate
3.0%
Cash-on-Cash
-14.2%

Ready to Analyze a Deal in Ashland?

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