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=== Small town status === [[File:One-of-a-kind Traffic Light.jpg|thumb|An unusual traffic light on display at the Ashville Museum]] Though the rail lines remained operational, the population growth of the village slowed. Over the next three decades the population grew by only 129 citizens. Additionally, the reduction of growth was compounded by the effects of the [[Great Depression]]. A population spike happened again in the 1950s and 1960s as Ashville became a residential town when new homes started popping up west of Long Street. Though many businesses had fizzled out, new large employers began to target Ashville including Columbus Industries which opened their plant in 1970.<ref>{{Cite web |title=D1300050000238 - County Auditor Website, Pickaway County, Ohio |url=https://auditor.pickawaycountyohio.gov/Parcel?Parcel=D1300050000238 |access-date=April 14, 2022 |website=auditor.pickawaycountyohio.gov}}</ref> During this time Ashville also became the hub of a newly formed school district when [[Teays Valley Local School District]] built their high school in 1963 and housed their district offices within the village. The next major growth step happened in 1994 when home builders, such as M/I Homes, built the first modern [[Subdivision (land)|subdivisions]] in Ashville.<ref>{{Cite web |title=D1300310000107 - County Auditor Website, Pickaway County, Ohio |url=https://auditor.pickawaycountyohio.gov/Parcel?Parcel=D1300310000107 |access-date=April 14, 2022 |website=auditor.pickawaycountyohio.gov}}</ref> The two major subdivisions were [[Ashton Village, Ohio|Ashton Village]] and Ashton Woods, which are located on the northside of town. Both sites together brought in nearly 100 new homes.
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