Alexandria appreciation rates and housing market information

Alexandria housing market information

With 128,283 people, 64,251 houses or apartments, and a median cost of homes of $483,156, Alexandria house prices are not only among the most expensive in Virginia, Alexandria real estate also is some of the most expensive in all of America.

large apartment complexes or high rise apartments are the single most common housing type in Alexandria, accounting for 59.64% of the city's housing units. Other types of housing that are prevalent in Alexandria include row houses and other attached homes (21.12%), single-family detached homes (14.84%), and a few duplexes, homes converted to apartments, or other small apartment buildings (4.19%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Alexandria primarily live in small (one, two, or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Alexandria has a mixture of owner-occupied and renter-occupied housing.

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 44.69% of the city's housing hails from this era. Other housing ages represented in Alexandria include homes built between 1970-1994 (37.89%), and housing constructed from 1939 and earlier (10.38%). There's also some housing in Alexandria built between 1995 and later (7.04%).

Alexandria home appreciation rates

In the last 10 years, Alexandria has experienced some of the highest home appreciation rates of any community in the nation. Alexandria real estate appreciated 115.41% over the last ten years, which is an average annual home appreciation rate of 11.54%, putting Alexandria in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Alexandria definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Alexandria appreciation rates have trailed the rest of the nation. In the last twelve months, Alexandria's appreciation rate has been -10.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alexandria were at -0.52%, which equates to an annual appreciation rate of -2.08%.

Notably, Alexandria's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Virginia, our data show that Alexandria's latest annual appreciation rate is higher than 11% of the other cities and towns in Virginia.

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.