Alexandria, VA


Highest Appreciating Alexandria Neighborhoods Since 2000

Alexandria, VA 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 153,511, 66,879 total housing units (homes and apartments), and a median house value of $527,486, Alexandria house prices are not only among the most expensive in Virginia, Alexandria real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Alexandria, accounting for 59.79% of the city's housing units. Other types of housing that are prevalent in Alexandria include row houses and other attached homes ( 21.23%), single-family detached homes ( 14.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.30%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Alexandria primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Alexandria has a mixture of owner-occupied and renter-occupied housing.

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 41.58% of the city's housing hails from this era. Other housing ages represented in Alexandria include homes built between 1970-1999 ( 37.66%) and housing constructed between 2000 and later ( 12.29%). There's also some housing in Alexandria built before 1939 ( 8.48%).

Vacant housing appears to be an issue in Alexandria. Fully 10.01% 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 7.96%, which ranks in the top 40% nationwide. This equates to an annual average Alexandria house appreciation rate of 0.77%.

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 2.69%, 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 -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Alexandria's latest annual appreciation rate is higher than 60% of the other cities and towns in Virginia.

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:

Alexandria, VA HOME PRICES

Value Range
> $1,118,000 6.3
$839,001 - $1,118,000 10.7
$559,001 - $839,000 25.4
$447,001 - $559,000 12.6
$335,001 - $447,000 13.1
$224,001 - $335,000 19.6
$112,001 - $224,000 9.4
$56,001 - $112,000 1.4
$0 - $56,000 1.6

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
5.20918785890074 4.98614958448754

Number Of Homes And Apartments:

Alexandria Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
132.00% 5.00% 10 10
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,047 / per month

Homeownership Rate

Owners 42.09
Renters 57.91
Vacant 10.01

Housing Market Details


Age of Homes

AGE OF Alexandria HOMES
2000 or Newer 12.3
1970 - 1999 37.7
1940 - 1969 41.6
1939 or Older 8.5

Types of Homes

TYPE OF Alexandria HOMES
Single-Family 14.6
Townhomes 21.2
Small Apt. Buildings 4.3
Apt. Complexes 59.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Alexandria HOMES
No Bedroom 4.65
1 Bedroom 30.13
2 Bedrooms 35.45
3 Bedrooms 21.06
4 Bedrooms 6.62
5 or more bedrooms 2.09