Ashley was platted in 1892 when the Wabash Railroad was extended to that point.

[4] According to the 2010 census, Ashley has a total area of 1.81 square miles (4.69 km2), all land.

There were 450 housing units at an average density of 248.6 per square mile (96.0/km2).

27.8% of all households were made up of individuals, and 8.7% had someone living alone who was 65 years of age or older.

There were 450 housing units at an average density of 557.6 per square mile (215.3/km2).

31.8% of all households were made up of individuals, and 11.0% had someone living alone who was 65 years of age or older.