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Alexandria real estate market overview
- Average Monthly Rent: $2,023
- Home Price/Value Percentage Change: -0.20%
- Median Home Value: $607,522
- Best Time To Sell a Home: April
- Affordability Index: Low
- Days To Sell a House: 35
- Job Market: Fair
- Public School Ranking: 4
Location and weather
Alexandria is surrounded by the cities of Arlington, Virginia and DC, and sits across from the Potomac River. It's located in Alexandria County, and was named one of the Top 3 Best Small Cities in the US in 2019. This city is one that's described as welcoming, full of activity, and has seen strong economic growth over the past few years. It's home to many high-tech corporations and offers an easy commute to the nearby city of DC, where many residents work. One of the most popular hot spots in this city is Old Town; it's historic appeal and variety of well-known restaurants make it the perfect place for residents and tourists to spend their free time.
There are also over 100 different retail stores here, waterfront dining options, and breweries. For those seeking an active, out-door lifestyle, Alexandria has tons of green space that are perfect for biking, hiking, and admiring wild life. Considering its location on the Potomac River, there are also many water-based recreational opportunities here. Overall, it's a city that is a great place to raise a family, thanks to its diversity, well-rated public schools, and low crime rates.
In Alexandria, summers are muggy and winters are cold. During summer, temperatures reach highs in the 80's and lows in the 60's. During winter, high temperatures are in the 50's and low temperatures are in the 20's.
Population, job market and cost of living
The population in this city is almost 165,317.
The job growth here has decreased by -5.33% over the last year and in ten years, is predicted to have increased by 40.9%. This is higher than the US average of 33.51%. Some of the biggest industries in this city include professional, scientific, and technical services, as well as public administration, and health care and social assistance. Major companies to work for include Catholic Charities USA, Entrepreneurs' Organization, The Salvation Army, Vinci construction and SENTEL.
The cost of living in Alexandria is higher than the national average, which makes Alexandria a more expensive place to live. Housing remains the biggest contributor to its price.
Alexandria real estate market details
- Alexandria Vest
- Eisenhower East
- Old Town North
- Potomac West
- Landmark Van Dorn
The average monthly rent in Alexandria is $2,023 for an average apartment size of 861 sq. feet.
There has been a -0.2% decrease in median home value over the last year. As of 2023, the median home value is $607,522.
On average, homes in Alexandria sell after 35 days on the market.
The best time to sell a home for the highest valued sale is during April. For the quickest sale, homeowners should sell in April.
The affordability index in Alexandria is 140. This number indicates low affordability in this city.
The top ranked public schools are Clermont Elementary School, Waynewood Elementary School, Thomas Jefferson High School, Stratford Landing Elementary School and Island Creek Elementary School. This information is based on data measuring academic performance and equity.