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 about Scout's Real Estate Data
With 14,861 people, 6,960 houses or apartments, and a median cost of homes of $393,056, 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 50.73% of the city's housing units. Other types of housing that are prevalent in Alexandria include large apartment complexes or high rise apartments ( 34.06%), row houses and other attached homes ( 7.29%), and a few mobile homes or trailers ( 4.15%).
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 ( 31.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.90%). There's also some housing in Alexandria built before 1939 ( 11.17%).
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 6.44% during the period.
NeighborhoodScout's data show that during the latest twelve months, Alexandria's appreciation rate, at 6.40%, has been at or slightly above the national average. In the latest quarter, Alexandria's appreciation rate has been 4.64%, which annualizes to a rate of 19.89%.
Importantly, this makes Alexandria one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Minnesota, our data show that Alexandria's latest annual appreciation rate is higher than 90% 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.
$393,056
for Minnesota
for nation
6,960
$1,334 / per month