Alexandria, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Alexandria Neighborhoods Since 2000




Alexandria, MN Real Estate Data


Alexandria Housing Market Information

With 11,843 people, 5,530 houses or apartments, and a median cost of homes of $205,217, 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 52.58% of the city's housing units. Other types of housing that are prevalent in Alexandria include large apartment complexes or high rise apartments ( 32.74%), duplexes, homes converted to apartments or other small apartment buildings ( 7.21%), and a few row houses and other attached homes ( 4.50%).

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 ( 24.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.74%). There's also some housing in Alexandria built before 1939 ( 16.79%).

Vacant housing appears to be an issue in Alexandria. Fully 11.97% 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 3.32%, which ranks in the top 50% nationwide. This equates to an annual average Alexandria house appreciation rate of 0.33%.

NeighborhoodScout's data show that during the latest twelve months, Alexandria's appreciation rate, at 4.43%, has been at or slightly above the national average. In the latest quarter, Alexandria's appreciation rate has been 1.73%, which annualizes to a rate of 7.09%.

Relative to Minnesota, our data show that Alexandria's latest annual appreciation rate is lower than 70% 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:
$205,217

Alexandria, MN HOME PRICES

Value Range
> $1,129,000 1.5
$846,001 - $1,129,000 0.1
$564,001 - $846,000 1.3
$451,001 - $564,000 6.9
$339,001 - $451,000 8.6
$226,001 - $339,000 17.2
$113,001 - $226,000 49.2
$56,001 - $113,000 9.6
$0 - $56,000 5.5

High for MN
High for Nation

Value Relative to Nation Value Relative to State
31.7678749194823 40.041067761807

Number Of Homes And Apartments:
5,530

Rent & Ownership

 

Average Market Rent:
$811 / per month

Homeownership Rate

Homeownership
Owners 50.52
Renters 49.48
Vacant 11.97

Housing Market Details

 

Age of Homes

AGE OF Alexandria HOMES
2000 or Newer 24.0
1970 - 1999 39.4
1940 - 1969 19.7
1939 or Older 16.8

Types of Homes

TYPE OF Alexandria HOMES
Single-Family 52.6
Townhomes 4.5
Small Apt. Buildings 7.2
Apt. Complexes 32.7
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Alexandria HOMES
No Bedroom 3.69
1 Bedroom 16.79
2 Bedrooms 34.10
3 Bedrooms 24.01
4 Bedrooms 15.20
5 or more bedrooms 6.21

Alexandria Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
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
48.82% 2.37% 7 6
* 10 is highest