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City · 7,772 residents · Hanover County, Virginia

Ashland , Virginia

In Ashland, a typical home is worth $293,200 and typical rent is $1,229 a month. Compared with all of Hanover County, typical household income is 46% lower, the typical home value is 27% lower, and the share of households that own their home is 26 points lower.

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  • Typical home value

    $293,200

    27% below the county

    24% below Virginia

    • Ashland
    • Hanover
    • Virginia

  • Typical rent

    $1,229a month

    23% below the county

    22% below Virginia

    • Ashland
    • Hanover
    • Virginia

  • Typical household income

    $61,164a year

    46% below the county

    34% below Virginia

    • Ashland
    • Hanover
    • Virginia

  • Households that own their home

    56%

    26 points below the county

    12 points below Virginia

    • Ashland
    • Hanover
    • Virginia

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$464,122
4% more than 12 months ago
Typical rent
$1,894 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Ashland is in Hanover County. The FHA loan limit ($707,250 for a one-unit home), the fair market rents and the help on this page are those of all of Hanover County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Ashland apart

What this place has that others do not, from public data, most unusual first.

  1. 56% of households in Ashland own their home, against 82% in Hanover County.

  2. The typical household income in Ashland is $61,164, 46% less than in Hanover County as a whole ($112,805).

  3. The typical home in Ashland is worth $293,200, 27% less than in Hanover County as a whole ($400,400).

  4. The typical rent in Ashland is $1,229 a month, 23% less than in Hanover County as a whole ($1,591).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Ashland

What homes there are in Ashland, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Ashland, but it weighs less than in Hanover County: 55% against 85%.

There are more mobile homes here than in Hanover County: 13% of homes, against 2%.

Year built

In Ashland, half of the homes were built before 1983; in Hanover County, before 1991.

There are fewer big homes in Ashland than in Hanover County: 53% have 3 bedrooms or more, against 83%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,872 a month

Hanover County: $1,996 a month

Without a mortgage

$578 a month

Hanover County: $590 a month

Owners with a mortgage

55%

Hanover County: 69%

The typical cost for an owner with a mortgage in Ashland is $1,872 a month, less than in Hanover County ($1,996); without one, $578.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Ashland rose 53% since 2015–2019, more than in Hanover County (42%).

The typical rent in Ashland rose 24% over the same time; in Hanover County, it rose 37%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureAshlandHanover CountyVirginiaUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.8%5.5%
Homeowner vacancy Unreliable estimate0.8%0.8%0.9%
More than one person per room Unreliable estimate0.9%2.1%3.4%
People per household 2.222.592.522.53
Drive alone 71%73%68%69%
Carpool Unreliable estimate6%8%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike 8%1%2%3%
Work from home 14%19%18%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Ashland are smaller: 2.22 people on average; in Hanover County, 2.59.

Many here get to work on foot or by bike: 8%, more than in Hanover County (1%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Ashland?

A typical home costs more than the typical income allows

We start with a typical home in Ashland, worth $293,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 47% of the typical household income in Ashland, which is $61,164 a year. For that payment to be 28% of income, a household would need to earn about $102,230 a year.

The calculator's FHA and conventional loan limits are those of all of Hanover County.

Your numbers

Local data
$

Starts at the typical home value in Ashland. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $10,262 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,385

at 7.18% · 30 years

Loan amount
$287,889
Total interest
$414,205
Paid off in
November 2056

Includes $4,951 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,427 a month

  • Tight

    $1,427 to $1,835 a month

  • Hard

    more than $1,835 a month

    Your payment · 47%

Compared with the typical household income in Ashland ($61,164 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,385
Principal & interest$1,950
Property tax$183
Home insurance$122
FHA mortgage insurance (MIP)$130

You need at least $10,262 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Ashland and Hanover County

Ashland is in Hanover County, Virginia. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Ashland's own numbers

Typical home value
$293,200
Typical monthly rent
$1,229
Typical yearly household income
$61,164
Households that own their home
56%
Effective property tax rate
0.75%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hanover County

FHA limit, one-unit home
$707,250
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,651
Price change over 5 years (FHFA)
+48%
Homes in a high flood-risk zone
0.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hanover County.

Everything about Hanover County

Buying

Buying a home in Ashland

A typical home in Ashland is worth $293,200: 27% below the county and 24% below Virginia. With the typical household income in Ashland ($61,164 a year), a typical home costs 4.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Ashland 4.8 years
  • Hanover 3.5 years
  • Virginia 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hanover County

According to FHFA’s house price index, home prices in Hanover County rose 79% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hanover County.

Period County Virginia U.S.
Last year (2025) +3.6% +3.7% +2.9%
5 years (2020–2025) +48% +49% +47%
10 years (2015–2025) +79% +75% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Ashland next to Hanover County, Virginia and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Ashland $293,200
  • Hanover $400,400
  • Virginia $383,700
  • United States $332,700
Typical monthly rent
  • Ashland $1,229
  • Hanover $1,591
  • Virginia $1,579
  • United States $1,413
Typical yearly household income
  • Ashland $61,164
  • Hanover $112,805
  • Virginia $93,170
  • United States $80,734
See the full table
Ashland next to Hanover County and Virginia
Measure Ashland Hanover County Virginia U.S.
Typical home value $293,200 $400,400 $383,700 $332,700
Typical monthly rent $1,229 $1,591 $1,579 $1,413
Typical yearly household income $61,164 $112,805 $93,170 $80,734
Households that own their home 56% 82% 67% 65%
Typical yearly property tax $2,195 $2,627 $2,790 $3,119
Effective property tax rate 0.75% 0.66% 0.73% 0.94%
Renters with high rent for their income 48% 44% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hanover County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Ashland

For a typical $293,200 home in Ashland, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Ashland's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,385a month

    Least cash to close
    Down payment
    $10,262
    Cash to close
    $19,058
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $130

  • Conventional, 5% down $2,332a month

    Down payment
    $14,660
    Cash to close
    $23,456
    Rate
    7.18%
    Mortgage insurance
    PMI · $139

  • Conventional, 20% down, no PMI $1,894a month

    Down payment
    $58,640
    Cash to close
    $67,436
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,165a month

    Down payment
    $43,980
    Cash to close
    $52,776
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Ashland and for Hanover County.

Property tax

Effective rate in Ashland

0.75%of the home’s value each year

$2,195 a year for the typical owner in Ashland.

  • Ashland 0.75%
  • Hanover 0.66%
  • Virginia 0.73%

What Virginia publishes Local exemption or deferral for people 65 and older or with disabilities (Virginia General Assembly (Code of Virginia))

Exemptions and deadlines in Virginia

Flood risk in Hanover County

FEMA does not publish these numbers by city: they are for all of Hanover County.

Homes in the high-risk zone
0.9%
375
Of those, with NFIP insurance
11%
County Virginia U.S.
Homes in the high-risk zone 0.9% 1.5% 3.5%
Of those, with NFIP insurance 11% 100% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Ashland

Typical rent in Ashland is $1,229 a month: 23% below the county. In Ashland, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hanover County, by unit size. To pay the 2-bedroom one ($1,651 a month) without spending more than 30% of your income, you would need to earn $31.75 an hour working full time.

HUD fair market rent for all of Hanover County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,456 $28.00 $58,240
1 bedroom $1,517 $29.17 $60,680
2 bedrooms $1,651 $31.75 $66,040
3 bedrooms $2,039 $39.21 $81,560
4 bedrooms $2,499 $48.06 $99,960

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Ashland

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Ashland is in ZIP code 23005.

For 2 bedrooms it is $1,490: $161 less than the fair market rent for Hanover County ($1,651).

  • 23005 $1,490$1,870

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Ashland when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Ashland

HUD lists 6 buildings with rents for lower incomes in Ashland. These are the largest.

  • Ashland Woods 101 E Omni Ter, Ashland 23005 150 homes, 148 low-income · 2 bd: 126 · 3 bd: 24 · In service since 2017 · For families
  • Ashland Woods I 119 E Omni Ct, Ashland 23005 75 low-income homes · 2 bd: 63 · 3 bd: 13 · In service since 2002 · For families
  • Ashland Woods II 1517 W Omni Ct, Ashland 23005 75 low-income homes · In service since 2002 · For families
  • Omni Park Place Senior 101 Omni Rd, Ashland 23005 60 low-income homes · In service since 2004 · For older adults
  • Hanover Apts 205 Cottage Green Dr, Ashland 23005 40 low-income homes · 1 bd: 20 · 2 bd: 20 · In service since 1999 · For families

See all 11 buildings in Hanover County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Ashland

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Hanover County. The nearest ones are below; many serve by phone or online.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Ashland

No down payment, repair or rent-help program on our list is for Ashland or Hanover County. The ones below are statewide in Virginia: they work in Ashland the same as in the rest of the state.

Which programs do I qualify for? All programs in Virginia

  • Down Payment Assistance Grant

    Statewide in Virginia

    Virginia state agency down payment grant that you do not repay; for first-time buyers, or any buyer in economic opportunity zones, with a Virginia Housing mortgage. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    See the program Official page

  • Virginia Housing Plus Second Mortgage

    Statewide in Virginia

    Virginia Housing 30-year fixed-rate second mortgage of up to 5% of the price for the down payment (and part of the closing costs with a credit score of 680 or higher); for first-time buyers and for people who have owned a home before. Offered by Virginia Housing (Virginia Housing Development Authority).

    Type not stated

    See the program Official page

  • Closing Cost Assistance Grant

    Statewide in Virginia

    Virginia Housing grant that you do not repay, of up to 2% of the price, for the closing costs of buyers with a Virginia Housing RD (Rural Development) or VA loan. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    See the program Official page

Housing counselors near Ashland

The HUD-approved agencies closest to the center of Ashland, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Commonwealth Catholic Charities, Richmond,va

    1601 Rolling Hills Dr, Richmond · 12 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 10 more
    (804) 285-5900

  • Housing Opportunities Made Equal of Virginia, Incorporated

    1601 Rolling Hills Dr Rm 110, Richmond · 12 miles away

    • Mortgage delinquency workshops
    • Budget and credit workshops
    • and 7 more
    (804) 354-0641

  • NSC (naca Counseling Subsidiary) - Richmond, VA

    1600 Brook Rd Ste C, Richmond · 14 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (631) 370-6222

All counseling agencies in Virginia

Help in Spanish near Ashland

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Ashland

HUD lists no housing authority with an office in Hanover County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Virginia Source: HUD

Cities

Other cities in Hanover County

These cities are also in Hanover County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Hanover County Housing in Virginia

Nearby cities

The cities closest to Ashland, with the typical home value.

Neighboring counties

If Hanover County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Ashland.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about Ashland

Short answers with the numbers for Ashland and all of Hanover County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Ashland?

The typical home value in Ashland is $293,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hanover County it is $400,400.

How much does it cost to rent in Ashland?

Typical rent in Ashland is $1,229 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hanover County is $1,651.

What is the FHA loan limit in Ashland?

Ashland uses the FHA limit for all of Hanover County (2026): $707,250 for a one-unit home and $1,360,100 for a four-unit home.

How much property tax do owners pay in Ashland?

The typical homeowner in Ashland pays $2,195 a year, according to the U.S. Census Bureau. That is 0.75% of the home’s value; in Hanover County, the rate is 0.66%.

Where can I find free help to buy or rent in Ashland?

We found no HUD-approved counseling agencies with an office in Hanover County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).