Alexandria, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Alexandria Neighborhoods Since 2000




Alexandria, MN 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Alexandria Housing Market Information

With a population of 11,843, 5,523 total housing units (homes and apartments), and a median house value of $198,401, 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 49.59% of the city's housing units. Other types of housing that are prevalent in Alexandria include large apartment complexes or high rise apartments ( 30.76%), duplexes, homes converted to apartments or other small apartment buildings ( 9.30%), and a few row houses and other attached homes ( 6.75%).

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 ( 25.86%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.18%). There's also some housing in Alexandria built before 1939 ( 15.22%).

Vacant housing appears to be an issue in Alexandria. Fully 13.72% 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

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 0.01% 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 2.54%, 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 -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Minnesota, our data show that Alexandria's latest annual appreciation rate is lower than 80% 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:
$198,401

Alexandria, MN HOME PRICES

Value Range
> $1,101,000 1.8
$825,001 - $1,101,000 0.2
$551,001 - $825,000 1.6
$440,001 - $551,000 4.7
$330,001 - $440,000 9.3
$220,001 - $330,000 17.9
$110,001 - $220,000 46.8
$55,001 - $110,000 12.2
$0 - $55,000 5.6

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
32.6965897105356 41.0677618069815

Number Of Homes And Apartments:
5,523

Alexandria Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
46.53% 2.24% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$881 / per month

Homeownership Rate

Homeownership
Owners 51.01
Renters 48.99
Vacant 13.72

Housing Market Details

 

Age of Homes

AGE OF Alexandria HOMES
2000 or Newer 25.9
1970 - 1999 38.7
1940 - 1969 20.2
1939 or Older 15.2

Types of Homes

TYPE OF Alexandria HOMES
Single-Family 49.6
Townhomes 6.7
Small Apt. Buildings 9.3
Apt. Complexes 30.8
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Alexandria HOMES
No Bedroom 4.16
1 Bedroom 15.83
2 Bedrooms 35.67
3 Bedrooms 24.50
4 Bedrooms 14.79
5 or more bedrooms 5.06