The parish consists of Asfordby proper, Asfordby Valley and Asfordby Hill, which together have a population of around 3,000 (1995 est). The villages are to the north of the River Wreake, with Asfordby Hill situated east of Asfordby proper, closer to Melton, and Asfordby Valley to the north.
Within Asfordby proper, there are a few shops, mainly convenience shops. However you can find a Fish & Chip shop, an Indian restaurant, as well as a kitchen store and a Co-operative shop.
Asfordby was the site of a modern deep coal pit which was built between 1984 and 1993, but this closed in 1997 due to numerous geological difficulties and the low price of coal at the time.