Total monthly cost of ownership
Cost to Own a Home in Ashland, Virginia
A $273,000 home here costs
$2,108per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,403. The real number is $705 higher every month — 50% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ashland against Hanover County and Virginia
| Measure | Ashland | Hanover County |
|---|---|---|
| Median home value | $272,600 | $372,700 |
| Median property tax | $2,201 | $2,506 |
| Effective tax rate | 0.807% | 0.672% |
| Median gross rent | $1,154 | $1,496 |
| Population | 7,667 | 111,652 |
The weather behind that power bill
Ashland sits in Hanover County, which averages a high of 86.7°F in its hottest month and a low of 27.2°F in its coldest, with 45.3" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,302 cooling and 3,995 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Hanover County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hanover County
Full Hanover County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Ashland?
A $273,000 home in Ashland, Virginia costs approximately $2,108 per month with 20% down at 6.66%. That is $1,403 principal and interest, $184 property tax, $67 homeowners insurance, $226 utilities and $228 set aside for maintenance.
What is the property tax rate in Ashland?
Ashland has an effective property tax rate of 0.807%, based on a median home value of $272,600 and median real estate taxes of $2,201. That is higher than the Hanover County average of 0.672%.
What is the average home price in Ashland?
The median owner-occupied home value in Ashland, Virginia is $272,600, against $372,700 across Hanover County.
Is it cheaper to rent or buy in Ashland?
Median gross rent in Ashland is $1,154 a month, against $2,108 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ashland — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Virginia.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.