Quick facts: Ashland, OH

Quick Facts

96.4
Cost of Living
below US average
19,015
Population
14.88
Crime Rate per 1000
below US average
$56,040
Median Income
below US average
$198,000
Median House Price
above US average
$1192.33
Average Rent
below US average
11%
Poverty Rate
above US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $56,040.

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Income Needed to Buy

βœ— Stretch
$62k/year
Based on $198,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $62k vs median $56,040
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Income Needed to Rent

βœ“ Affordable
$51k/year
Based on $1192.33/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($56,040) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ashland, OH

Ashland, located in North-Central Ohio, is a charming small city known for its vibrant community and rich history. It serves as the county seat of Ashland County and has a population of around 20,000 residents. Nestled in a scenic area, Ashland offers beautiful parks and recreational facilities, including the popular Brookside Park and the Ashland County Fairgrounds. The city is home to Ashland University, a private liberal arts institution that adds a youthful energy to the area and hosts various cultural events throughout the year. Downtown Ashland features a variety of shops, restaurants, and local businesses, reflecting the warmth and hospitality of the community. The region is known for outdoor activities, with opportunities for hiking, fishing, and boating nearby. Ashland also hosts several festivals, including the annual Ashland BalloonFest, which attracts visitors with its colorful displays and lively atmosphere. With a strong sense of community and a blend of urban and rural charms, Ashland, Ohio, offers a welcoming environment for residents and visitors alike.

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