Alexandria, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Alexandria, LA Real Estate Data


Alexandria Housing Market Information

With 47,889 people, 17,237 houses or apartments, and a median cost of homes of $130,834, 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 71.85% of the city's housing units. Other types of housing that are prevalent in Alexandria include large apartment complexes or high rise apartments ( 13.36%), duplexes, homes converted to apartments or other small apartment buildings ( 10.00%), and a few row houses and other attached homes ( 2.74%).

The most prevalent building size and type in Alexandria are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.01% owning and 47.99% 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 42.39% of the city's housing hails from this era. Other housing ages represented in Alexandria include homes built between 1970-1999 ( 41.02%) and housing constructed between 2000 and later ( 10.49%). There's also some housing in Alexandria built before 1939 ( 6.10%).

Vacant housing appears to be an issue in Alexandria. Fully 16.44% 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

Appreciation rates for homes in Alexandria have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.27%, which ranks in the top 40% nationwide. This equates to an annual average Alexandria house appreciation rate of 0.89%.

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 2.82%, 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 1.10%, which equates to an annual appreciation rate of 4.46%.

Relative to Louisiana, our data show that Alexandria's latest annual appreciation rate is lower than 70% 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 2000, to assist you in making the best Alexandria real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$130,834

Alexandria, LA HOME PRICES

Value Range
> $1,095,000 0.5
$821,001 - $1,095,000 0.5
$548,001 - $821,000 1.2
$438,001 - $548,000 1.0
$329,001 - $438,000 3.3
$219,001 - $329,000 9.9
$110,001 - $219,000 35.2
$55,001 - $110,000 31.5
$0 - $55,000 17.0

High for LA
Low for Nation

Value Relative to Nation Value Relative to State
60.3267552848861 34.375

Number Of Homes And Apartments:
17,237

Rent & Ownership

 

Average Market Rent:
$986 / per month

Homeownership Rate

Homeownership
Owners 52.01
Renters 47.99
Vacant 16.44

Housing Market Details

 

Age of Homes

AGE OF Alexandria HOMES
2000 or Newer 10.5
1970 - 1999 41.0
1940 - 1969 42.4
1939 or Older 6.1

Types of Homes

TYPE OF Alexandria HOMES
Single-Family 71.8
Townhomes 2.7
Small Apt. Buildings 10.0
Apt. Complexes 13.4
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Alexandria HOMES
No Bedroom 1.93
1 Bedroom 8.13
2 Bedrooms 29.20
3 Bedrooms 44.19
4 Bedrooms 14.35
5 or more bedrooms 2.19

Alexandria Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
44.69% 2.20% 2 5
* 10 is highest