Mortgage payment estimates, closing cost breakdowns, and homebuying data for Ashland, Kentucky.
Median Home Price
$125K
Population
21K
Avg Monthly Rent
$720
Property Tax Rate
0.83% *
* Property tax shown is the Kentucky state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Ashland.
Ashland vs Kentucky Median
The median home price in Ashland is $125,000, which is 40% below the Kentucky state median of $210,000.
Mortgage Calculator — Ashland, KY
Pre-filled with Ashland median home price and Kentucky tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $125K home using Kentucky's 0.83% tax rate and $2,400/yr insurance.
5% Down
$1,106/mo
Down: $6,250
Loan: $119K
P&I: $751
Tax: $86
Insurance: $200
PMI: $69
10% Down
$1,063/mo
Down: $12,500
Loan: $113K
P&I: $711
Tax: $86
Insurance: $200
PMI: $66
20% Down (No PMI)
$919/mo
Down: $25,000
Loan: $100K
P&I: $632
Tax: $86
Insurance: $200
Income needed (28% rule): $39K/year with 20% down, $46K/year with 10% down.
Rent vs Buy in Ashland
Rent
$720/mo
vs
Buy (10% down)
$1,063/mo
Price-to-rent ratio: 14.5 — With a ratio under 15, buying in Ashland is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $343 more than renting, but you build equity with every payment.
The median home price in Ashland is $125,000, 40% below the Kentucky state median of $210,000. With a population of 20,791, Ashland is a smaller market where home prices tend to be more accessible than in many parts of Kentucky.
Property taxes in Kentucky average 0.83% annually. This moderate property tax rate means a $125,000 home in Ashland would carry roughly $86/month in property taxes. Homeowners insurance in Kentucky runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Ashland is $720/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Ashland over the long term.
Ashland offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Kentucky's KHC Regular DAP program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Ashland.