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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Ashland, VA Housing Affordability Index

Ashland, Virginia has an MBR Housing Affordability Index score of 89.7 (Moderately Less Affordable) as of October 30, 2026, ranking 303rd most affordable of 344 scored Virginia cities, compared with 94.8 statewide and 97.4 nationally. On a median-priced $293,200 home with 20% down, the Virginia average 30-year fixed rate of 7.33% means a monthly principal and interest payment of about $1,613, or 32% of the city’s $61,164 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Ashland is updated every night from live Virginia mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Ashland MBR-HAI 89.7 Moderately Less Affordable
Rank in Virginia 303 of 344 1 = most affordable
Virginia 94.8 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.33% Virginia lenders
Median home value $293,200 U.S. Census Bureau

Ashland is 5.1 points below the Virginia score. Scores as of October 30, 2026. See the Virginia index

View Ashland Mortgage Rates

See What You Can Afford in Ashland, Virginia

Use this Ashland, Virginia home affordability calculator to see how much house you can afford at today’s Virginia average 30-year mortgage rate of 7.33%. A household earning the Ashland median income of $61,164, with no other debts and $59,000 down, can afford a home of about $232,189, compared with a median home value of $293,200. Buying the median priced home with 20% down takes a household income of about $81,900 once property tax and insurance are counted.

Ashland median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Virginia average, 30-year fixed
Ashland median bill (Census)
Estimate; use your quote
You can afford a home up to
$232,189
Below the Ashland median home value of $293,200
Loan amount$173,189
Principal & interest$1,191/mo
Property tax$139/mo
Home insurance$97/mo
PMI$0/mo
Total monthly payment$1,427/mo
Compare Ashland Mortgage Rates

How much house can you afford in Ashland?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Ashland, property taxes run about 0.72% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $3,670 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Ashland

$1,613/mo
Principal & Interest
Median home, 20% down, 7.33%
$69,100
Income Needed
To keep principal and interest at 28% of income
$61,164
Median Household Income
Virginia: $93,170
4.8x
Price-to-Income Ratio
Virginia: 4.1x
$1,280/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,112/yr
Median Property Tax
0.72% of median value
33.4%
Owner Cost Burden
Owners spending 30%+ of income on housing
46.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Ashland, Virginia. The rate is the Virginia average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Ashland Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Ashland, Virginia score: 89.7 (Moderately Less Affordable), ranked 303 of 344 Virginia cities. monitorbankrates.com/housing-affordability-index/virginia/ashland”