Ashland, VA Profile: Facts & Data

Ashland, Virginia - Basic Facts

The Town of Ashland had a population of 7,927 as of July 1, 2024.

The primary coordinate point for Ashland is located at latitude 37.759 and longitude -77.48 in Hanover County. The formal boundaries for the Town of Ashland encompass a land area of 7.13 sq. miles and a water area of 0.03 sq. miles. Hanover County is in the Eastern time zone (GMT -5).

The Town of Ashland has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Jump to... (On This Page!)

Ashland, VA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	7,927 (100%)
Population in Households	6,709 (84.6%)
Population in Families	5,220 (65.9%)
Population in Group Quarters¹	1,218 (15.4%)
Population Density	1,101
Diversity Index²	64


INCOME
Median Household Income	$61,388
Average Household Income	$90,419
% of Income for Mortgage⁴	34%
Per Capita Income	$34,357
Wealth Index⁵	82
Socioeconomic Status Index⁶	Moderate (45.6)

HOUSING
Total HU (Housing Units)	3,179 (100%)
Owner Occupied HU	1,751 (55.1%)
Renter Occupied HU	1,226 (38.6%)
Vacant Housing Units	202 ( 6.4%)
Median Home Value	$335,523
Average Home Value	$364,235
Housing Affordability Index³	74

HOUSEHOLDS
Total Households	2,977
Average Household Size	2.25
Family Households	1,727
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

3,179 (100%)

Owner Occupied HU

1,751 (55.1%)

Renter Occupied HU

1,226 (38.6%)

Vacant Housing Units

202 ( 6.4%)

Median Home Value

$335,523

Average Home Value

$364,235

Housing Affordability Index³

HOUSEHOLDS

Total Households

2,977

Average Household Size

2.25

Family Households

1,727

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.11%	0.74%
Households	1.57%	1.05%
Families		0.88%
Median Household Income		2.85%
Per Capita Income		3.29%
Owner Occupied HU		1.97%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

1.11%

0.74%

Households

1.57%

1.05%

Families

0.88%

Median Household Income

2.85%

Per Capita Income

3.29%

Owner Occupied HU

1.97%

Ashland, VA - Peer Comparisons by Rank and Percentile

The table below compares Ashland to the other 688 incorporated cities, towns and CDPs in Virginia by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 156	77th
Population Density	# 236	66th
Median Household Income	# 383	44th
Housing Affordability Index	# 189	27th
Per Capita Income	# 390	43rd
Diversity Index	# 177	74th

Variable Description

Rank

Percentile

Total Population

# 156

77th

Population Density

# 236

66th

Median Household Income

# 383

44th

Housing Affordability Index

# 189

27th

Per Capita Income

# 390

43rd

Diversity Index

# 177

74th

Virginia Census Data Comparison Tool

Ashland, VA Profile: Facts & Data

Ashland, Virginia - Basic Facts

Ashland, VA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Ashland, VA - Peer Comparisons by Rank and Percentile

Ashland, VA - Most Popular Things to Do

Use HTL Address Research for a Virginia Address and get...

Quick & Easy Ways to...

Virginia Census Data Comparison Tool

Hanover County