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Ashwood is a community in Jefferson County, Oregon. It is an unincorporated area, and is generally considered to be a ghost town. The local post office was established in 1898. Initially a Native American settlement, the area grew as a result of the mining boom for gold and silver. As the minerals depleted, the area declined as well.

Agriculture and ranching are the main economic activities here. Other activities include finance and insurance and educational services. Rockhounding is a popular activity among visitors here. The closest hospital is Mountain View Hospital District, located about 14 miles away in Madras. The cost of living here higher than the country average.

This place gets about 13 inches of rain annually. The number of days with measurable precipitation is 62. Snowfall is about 12 inches annually.