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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 1,341 people, 705 houses or apartments, and a median cost of homes of $139,488, West Alexandria real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in West Alexandria, accounting for 76.67% of the village's housing units. Other types of housing that are prevalent in West Alexandria include duplexes, homes converted to apartments or other small apartment buildings ( 15.07%), row houses and other attached homes ( 4.27%), and a few large apartment complexes or high rise apartments ( 4.00%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Alexandria. Owner-occupied housing accounts for 66.52% of West Alexandria's homes, and 61.20% have either three or four bedrooms, which is average sized relative to America.
The housing in West Alexandria was primarily built before 1939 ( 45.73%), making the housing stock in West Alexandria some of the oldest overall in America, although there is a range of ages of homes in West Alexandria. The next most important housing age is between 1940-1969 ( 28.53%), followed by between 1970-1999 ( 23.47%). There's also some housing in West Alexandria built between 2000 and later ( 2.27%).
Real estate appreciation rates in West Alexandria's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.51% during the period.
Appreciation rates are so strong in West Alexandria that despite a nationwide downturn in the housing market, West Alexandria real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Alexandria appreciation rates continue to be some of the highest in America, at 6.19%, which is higher than appreciation rates in 75.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Alexandria. West Alexandria appreciation rates in the latest quarter were at -0.60%, which equates to an annual appreciation rate of -2.39%.
Notably, West Alexandria's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that West Alexandria's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.
|$819,001 - $1,092,000||0.0|
|$546,001 - $819,000||1.2|
|$437,001 - $546,000||2.2|
|$328,001 - $437,000||3.9|
|$218,001 - $328,000||13.8|
|$109,001 - $218,000||38.9|
|$54,001 - $109,000||29.2|
|$0 - $54,000||10.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF West Alexandria HOMES|
|2000 or Newer||2.3|
|1970 - 1999||23.5|
|1940 - 1969||28.5|
|1939 or Older||45.7|
|TYPE OF West Alexandria HOMES|
|Small Apt. Buildings||15.1|
|SIZE OF West Alexandria HOMES|
|5 or more bedrooms||2.53|