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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Alexandria, LA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Alexandria, LA Housing Market Trends

With a population of 44,004, 17,238 total housing units (homes and apartments), and a median house value of $181,417, 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 70.49% of the city's housing units. Other types of housing that are prevalent in Alexandria include large apartment complexes or high rise apartments ( 14.49%), duplexes, homes converted to apartments or other small apartment buildings ( 9.23%), and a few mobile homes or trailers ( 3.47%).

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 50.01% owning and 49.99% 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 45.66% of the city's housing hails from this era. Other housing ages represented in Alexandria include homes built between 1970-1999 ( 33.34%) and housing constructed between 2000 and later ( 16.05%). There's also some housing in Alexandria built before 1939 ( 4.94%).

Vacant housing appears to be an issue in Alexandria. Fully 17.65% 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 34.35%, which is annualized rate of 3.00%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Alexandria's appreciation rate, at 5.16%, has been at or slightly above the national average. In the latest quarter, Alexandria's appreciation rate has been 1.12%, which annualizes to a rate of 4.55%.

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

Relative to Louisiana, our data show that Alexandria's latest annual appreciation rate is higher than 80% 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

$181,417

Alexandria, LA Home Prices
> $1,228,000
$921,001 - $1,228,000
$614,001 - $921,000
$491,001 - $614,000
$369,001 - $491,000
$245,001 - $369,000
$123,001 - $245,000
$61,001 - $123,000
$0 - $61,000
0.7%
0.7%
0.5%
0.5%
2.6%
2.6%
3.7%
3.7%
6.5%
6.5%
13.7%
13.7%
36.5%
36.5%
19.5%
19.5%
16.2%
16.2%
0% 100.0%
% of Homes
Average

for Louisiana

Low

for nation

Number of Homes And Apartments:

17,238

Alexandria Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,294 / per month

Homeownership Rate

Owners
Renters
Vacant
50.0%
50.0%
50.0%
50.0%
17.6%
17.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.1%
16.1%
33.3%
33.3%
45.7%
45.7%
4.9%
4.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.5%
70.5%
2.3%
2.3%
9.2%
9.2%
14.5%
14.5%
3.5%
3.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
8.7%
8.7%
29.4%
29.4%
43.7%
43.7%
14.1%
14.1%
2.1%
2.1%
0% 100.0%
% of Homes