Alexandria LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Alexandria, LA Real Estate Data

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 Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Alexandria Housing Market Information

With 46,776 people, 18,109 houses or apartments, and a median cost of homes of $144,976, 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 68.74% of the city's housing units. Other types of housing that are prevalent in Alexandria include large apartment complexes or high rise apartments ( 14.84%), duplexes, homes converted to apartments or other small apartment buildings ( 11.22%), and a few row houses and other attached homes ( 3.12%).

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 49.10% owning and 50.90% 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 47.57% of the city's housing hails from this era. Other housing ages represented in Alexandria include homes built between 1970-1999 ( 33.50%) and housing constructed between 2000 and later ( 14.53%). There's also some housing in Alexandria built before 1939 ( 4.40%).

Vacant housing appears to be an issue in Alexandria. Fully 18.43% 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

Alexandria's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Alexandria during the period has been just 1.50%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Alexandria's appreciation rate, at 5.08%, has been at or slightly above the national average. In the latest quarter, Alexandria's appreciation rate has been -0.35%, which annualizes to a rate of -1.38%.

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:
$144,976

Alexandria, LA HOME PRICES

Value Range
> $1,153,000 0.4
$864,001 - $1,153,000 0.3
$576,001 - $864,000 1.5
$461,001 - $576,000 2.0
$346,001 - $461,000 3.6
$231,001 - $346,000 13.0
$115,001 - $231,000 36.5
$57,001 - $115,000 27.4
$0 - $57,000 15.4

High for LA
Low for Nation

Value Relative to Nation Value Relative to State
62.8905109489051 36.6782006920415

Number Of Homes And Apartments:
18,109

Alexandria Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
55.28% 2.20%
3
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,076 / per month

Homeownership Rate

Homeownership
Owners 49.10
Renters 50.90
Vacant 18.43

Housing Market Details

 

Age of Homes

AGE OF Alexandria HOMES
2000 or Newer 14.5
1970 - 1999 33.5
1940 - 1969 47.6
1939 or Older 4.4

Types of Homes

TYPE OF Alexandria HOMES
Single-Family 68.7
Townhomes 3.1
Small Apt. Buildings 11.2
Apt. Complexes 14.8
Mobile Homes 2.0
Other 0.1

Home Size

SIZE OF Alexandria HOMES
No Bedroom 1.66
1 Bedroom 9.34
2 Bedrooms 30.01
3 Bedrooms 45.30
4 Bedrooms 12.24
5 or more bedrooms 1.45