Ashland, Hanover County, VA

Median Home Price Price

$435,499 $435.5K

Median Monthly Rent Rent

$1,646 $1.6K

22.0x

Market Snapshot

Ashland, Hanover County, VA is a city market with a median home price of $435,499, a median monthly rent of $1,646, a GRM of 22.0x, and a price-to-rent ratio of 22.0.

More markets to explore

01 Mechanicsville, Hanover County, VA
Top recommendation Nearby alternative Lower GRM Lower entry Higher rent Rent momentum
High confidence
Price $418.4K
Rent $2.2K
GRM 16.0x
Explore the data
Region Show
Mechanicsville
$418K $2.2K 16.0x

Home prices

Monthly rent

GRM = home price / annual rent

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Suffolk, Suffolk City, VA Explore deeper
$369K $1.6K 19.0x
Midlothian, Chesterfield County, VA
$450K $2.2K 17.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
East Longmeadow, Hampden County, MA
$400K $1.6K 20.0x
Des Plaines, Cook County, IL Explore deeper
$317K $1.6K 17.0x
Hampstead, Rockingham County, NH
$577K $1.7K 28.0x

Home prices

Monthly rent

GRM = home price / annual rent

Ashland

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Benchmark comparison

Rent in Ashland, VA is 26.0% lower than Mechanicsville, VA.

Compare to Mechanicsville, VA
Ashland, VA
Mechanicsville, VA
Delta
Median rent
$1,646
$2,225
+$579
Median price
$435,499
$418,417
-$17,082
YoY change
+$101
+$132
+$31
Price-to-rent
22.0x
15.7x
-6.3x

Key takeaways

  • Ashland, Hanover County, VA has a higher-grm screening profile: At 22.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $101 year over year.
  • Rent in Ashland, VA is 26.0% lower than Mechanicsville, VA.