Side-by-side comparison of Ashland, OH and Ashtabula, OH — cap rates, rent, prices, and investment metrics.
Cash flow: Ashtabula has the edge with an estimated cap rate of 4.21% compared to Ashland's 1.86%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $235,000 in Ashland vs $170,000 in Ashtabula, while rents come in at $890/mo and $1,000/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Ashland is growing faster at 0.2% annually vs Ashtabula's 0.2%. Ashland leads on home value appreciation at 2.2% per year.
Costs & risk: Property taxes are 1.58% in Ashland vs 1.58% in Ashtabula. Vacancy rates of 6.7% and 6.7% are mixed — Ashtabula has the tighter rental market.
Entry point: Ashtabula offers a lower entry at $170K vs Ashland's $235K — a difference of $65K. With a 20% down payment, that's $34K vs $47K. Ashtabula combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Ashtabula edges out Ashland on most key metrics. While cap rates are moderate at 4.21%, Ashtabula's overall profile is stronger. Use our free calculators to model specific deals in Ashland or Ashtabula.