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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, MN 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Alexandria, MN Housing Market Trends

With a population of 14,861, 6,960 total housing units (homes and apartments), and a median house value of $356,580, Alexandria real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Alexandria, accounting for 50.73% of the city's housing units. Other types of housing that are prevalent in Alexandria include large apartment complexes or high rise apartments ( 34.06%), row houses and other attached homes ( 7.29%), and a few mobile homes or trailers ( 4.15%).

People in Alexandria primarily live in small (one, two or no bedroom) single-family detached homes. Alexandria has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Alexandria built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Alexandria built between 2000 and later ( 31.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.90%). There's also some housing in Alexandria built before 1939 ( 11.17%).

Alexandria Home Appreciation Rates

Real estate appreciation rates in Alexandria's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.62% during the period.

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 3.81%, 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 -0.63%, which equates to an annual appreciation rate of -2.49%.

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

Relative to Minnesota, our data show that Alexandria's latest annual appreciation rate is higher than 50% of the other cities and towns in Minnesota.

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

$356,580

Alexandria, MN Home Prices
> $1,268,000
$951,001 - $1,268,000
$634,001 - $951,000
$507,001 - $634,000
$380,001 - $507,000
$253,001 - $380,000
$127,001 - $253,000
$63,001 - $127,000
$0 - $63,000
0.5%
0.5%
1.0%
1.0%
7.7%
7.7%
11.6%
11.6%
15.6%
15.6%
29.7%
29.7%
26.0%
26.0%
3.1%
3.1%
4.9%
4.9%
0% 100.0%
% of Homes
High

for Minnesota

High

for nation

Number of Homes And Apartments:

6,960

Alexandria Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,249 / per month

Homeownership Rate

Owners
Renters
53.2%
53.2%
46.8%
46.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.6%
8.6%
91.4%
91.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
31.9%
31.9%
35.0%
35.0%
21.9%
21.9%
11.2%
11.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
50.7%
50.7%
7.3%
7.3%
3.8%
3.8%
34.1%
34.1%
4.1%
4.1%
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
2.0%
2.0%
15.2%
15.2%
34.4%
34.4%
23.4%
23.4%
18.6%
18.6%
6.4%
6.4%
0% 100.0%
% of Homes