Alexandria, LA 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Alexandria, LA Housing Market Trends

With a population of 46,180, 17,920 total housing units (homes and apartments), and a median house value of $145,829, house prices in Alexandria are solidly below the national average.

Single-family detached homes are the single most common housing type in Alexandria, accounting for 69.03% of the city's housing units. Other types of housing that are prevalent in Alexandria include large apartment complexes or high rise apartments ( 14.32%), duplexes, homes converted to apartments or other small apartment buildings ( 11.15%), and a few row houses and other attached homes ( 2.98%).

The most prevalent building size and type in Alexandria are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.61% owning and 51.39% renting.

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 47.18% of the city's housing hails from this era. Other housing ages represented in Alexandria include homes built between 1970-1999 ( 33.10%) and housing constructed between 2000 and later ( 15.51%). There's also some housing in Alexandria built before 1939 ( 4.20%).

Vacant housing appears to be an issue in Alexandria. Fully 17.29% 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

Alexandria's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Alexandria during the period has been just 1.78%, which is lower than 70% of US communities.

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 2.26%, 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 0.76%, which equates to an annual appreciation rate of 3.07%.

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

Relative to Louisiana, our data show that Alexandria's latest annual appreciation rate is lower than 90% of the other cities and towns in Louisiana.

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:
$145,829

Alexandria, LA HOME PRICES

> $1,118,000
1.0%
1.0%
$838,001 - $1,118,000
0.4%
0.4%
$559,001 - $838,000
2.0%
2.0%
$447,001 - $559,000
2.8%
2.8%
$335,001 - $447,000
4.0%
4.0%
$224,001 - $335,000
13.5%
13.5%
$112,001 - $224,000
34.4%
34.4%
$56,001 - $112,000
28.5%
28.5%
$0 - $56,000
13.4%
13.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for LA

Value Relative To Nation

Number Of Homes And Apartments:
17,920

Alexandria Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
59.12% 2.24%
3
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,085 / per month

Homeownership Rate

Owners
48.6%
48.6%
Renters
51.4%
51.4%
Vacant
17.3%
17.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
15.5%
15.5%
1970 - 1999
33.1%
33.1%
1940 - 1969
47.2%
47.2%
1939 or Older
4.2%
4.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.0%
69.0%
Townhomes
3.0%
3.0%
Small Apt. Buildings
11.1%
11.1%
Apt. Complexes
14.3%
14.3%
Mobile Homes
2.5%
2.5%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
10.8%
10.8%
2 Bedrooms
30.0%
30.0%
3 Bedrooms
44.0%
44.0%
4 Bedrooms
12.4%
12.4%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES