Alexandria appreciation rates and housing market information

Alexandria housing market information

With 46,738 people, 19,894 houses or apartments, and a median cost of homes of $125,353, house prices in Alexandria are solidly below the national average.

single-family detached homes are the single most common housing type in Alexandria, accounting for 70.44% of the city's housing units. Other types of housing that are prevalent in Alexandria include duplexes, homes converted to apartments, or other small apartment buildings (11.80%), large apartment complexes or high rise apartments (11.38%), mobile homes or trailers (3.23%), and a few row houses and other attached homes (3.05%).

The most prevalent building size and type in Alexandria are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 51.18% owning, and 38.58% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Alexandria's housing was primarily built during this period, from the '40s through the '60s. A full 50.29% of the city's housing hails from this era. Other housing ages represented in Alexandria include homes built between 1970-1994 (36.15%), and housing constructed from 1939 and earlier (9.02%). There's also some housing in Alexandria built between 1995 and later (4.54%).

Vacant housing appears to be an issue in Alexandria. Fully 10.24% of the housing stock is classified as vacant. Left unchecked, vacant Alexandria homes and apartments can be a drag on the real estate market, holding Alexandria real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Alexandria home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Alexandria, where house values have increased just 41.10%, which is an average annual increase of 4.11%. NeighborhoodScout's data show that in the latest quarter, Alexandria house values appreciated 1.99%, which is an annualized rate of 7.96%. This rate is lower than the appreciation rate found in 10% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Alexandria home appreciation rates, at 0.27%, have been at or slightly above the national average. In the latest quarter, Alexandria's appreciation rate has been 1.99%, which annualizes to a rate of 7.96%.

Importantly, this makes Alexandria one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Louisiana, our data show that Alexandria's latest annual appreciation rate is higher than 41% of the other cities and towns in Louisiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Alexandria differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Alexandria - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Alexandria real estate investment or home purchase decisions.