Mortgage Rates in Ashland, Ohio — March 2026
Updated March 2026 | Based on Ashland market data and regional lending conditions
Ashland is a growing city in Ohio with a population of 20,195. The current 30-year fixed mortgage rate in Ashland is 6.46%, which is 0.19% below the national average. With a median home price of $145,000 and a 20% down payment of $29,000, homebuyers can expect a monthly principal and interest payment of approximately $730.
Current Mortgage Rates in Ashland, OH
Below are the current average mortgage rates available in the Ashland area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.46% | 6.65% | -0.19% |
| 15-Year Fixed | 5.7% | 5.89% | -0.19% |
| 5/1 ARM | 5.96% | 6.15% | -0.19% |
| FHA | 6.06% | 6.25% | -0.19% |
| VA | 5.86% | 6.05% | -0.19% |
| Jumbo | 6.66% | 6.85% | -0.19% |
Ashland Housing Market Overview
The Ashland housing market offers relatively affordable housing compared to many major cities. The median household income in Ashland is $38,000, and the cost of living index is 80 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $39,300 to comfortably afford the median-priced home in Ashland, which exceeds the current median household income.
Monthly Payment Breakdown for Ashland
Based on the median home price of $145,000 with 20% down ($29,000), here is what you can expect to pay monthly in Ashland:
15-Year vs. 30-Year Mortgage in Ashland
Choosing a 15-year mortgage in Ashland at 5.7% instead of a 30-year at 6.46% would save you $90,000 in total interest over the life of the loan. However, your monthly payment would be $960 instead of $730 — an increase of $230 per month.
Calculate Your Ashland Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Ashland
What are the current mortgage rates in Ashland, OH?
As of March 2026, the average 30-year fixed mortgage rate in Ashland, Ohio is 6.46%, while the 15-year fixed rate is 5.7%. FHA loans average 6.06% and VA loans 5.86%. These rates are 0.19% below the national average of 6.65%.
How much is a monthly mortgage payment in Ashland?
Based on the median home price of $145,000 with 20% down, the estimated monthly mortgage payment in Ashland is $730 for principal and interest. Including property taxes of $187/month, the total monthly housing cost is approximately $917.
What income do I need to buy a home in Ashland?
Using the 28% rule, you would need an annual income of approximately $39,300 to afford the median-priced home in Ashland at $145,000. The median household income in Ashland is $38,000. This means most households would need to either earn above the median or consider homes below $145,000.
Is Ashland a good place to buy a home in 2026?
Ashland offers a below-average cost of living with a cost of living index of 80 (national average = 100). The property tax rate in Ohio is 1.55%, which is above the national average. Ashland has a population of 20,195 and offers a very affordable lifestyle.
Mortgage Rates in Other Ohio Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Ashland, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.