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Dublin vs Ashland for Rental Property Investing

Side-by-side comparison of Dublin, OH and Ashland, OH — cap rates, rent, prices, and investment metrics.

Dublin wins 7–0 across key metrics
Dublin leads on cash flow (2.99% vs 1.86% cap rate)
Metric
Dublin, OH
Ashland, OH
Est. Cap Rate
2.99%
1.86%
Median Home Price
$320,000
$235,000
Median Monthly Rent
$1,480
$890
1% Rule
0.46%
0.38%
GRM
18.0x
22.0x
Price / Income
2.9x
4.9x
Property Tax Rate
1.54%
1.58%
Vacancy Rate
4%
6.7%
Population Growth
1.5% / yr
0.2% / yr
Annual Appreciation
3.2%
2.2%
Population
52,000
50,000
Median Income
$112,000
$47,711

Dublin vs Ashland: Which Is Better for Investors?

Cash flow: Dublin has the edge with an estimated cap rate of 2.99% 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 $320,000 in Dublin vs $235,000 in Ashland, while rents come in at $1,480/mo and $890/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.

Growth & appreciation: Dublin is growing faster at 1.5% annually vs Ashland's 0.2%. Dublin leads on home value appreciation at 3.2% per year.

Costs & risk: Property taxes are 1.54% in Dublin vs 1.58% in Ashland. Vacancy rates of 4% and 6.7% are mixed — Dublin has the tighter rental market.

Entry point: Ashland offers a lower entry at $235K vs Dublin's $320K — a difference of $85K. With a 20% down payment, that's $47K vs $64K. Dublin's higher price may be justified by stronger growth.

Bottom line: Dublin edges out Ashland on most key metrics. While cap rates are moderate at 2.99%, Dublin's overall profile is stronger. Use our free calculators to model specific deals in Dublin or Ashland.

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Dublin, OH
2.99% cap rate · $320,000 median · $1,480/mo
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Ashland, OH
1.86% cap rate · $235,000 median · $890/mo
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Frequently Asked Questions

Is Dublin or Ashland better for rental investing?
Dublin wins 7–0 across our 7 key metrics (cap rate, 1% rule, GRM, taxes, vacancy, growth, appreciation). Dublin's 2.99% cap rate and $320K median price edge out Ashland's 1.86% at $235K.
What is the cap rate difference between Dublin and Ashland?
Dublin has a 2.99% cap rate vs Ashland's 1.86% — a difference of 1.13 percentage points. This is a significant gap that meaningfully impacts cash flow. For context, the national average is 3.81%.
Which city has lower property taxes?
Dublin has lower property taxes at 1.54% vs 1.58%. On a $278K property, that's a difference of approximately $1,215/year in tax expense — money that goes directly to (or from) your cash flow.
Which city is growing faster?
Dublin is growing at 1.5% annually vs Ashland's 0.2%. Moderate growth provides stable demand. Dublin's appreciation rate of 3.2% also leads on home value growth.

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