Alexandria real estate market overview
- Average Monthly Rent: $1,771
- Home Price/Value Percentage Change: 6.3%
- Median Home Value: $551,395
- Best Time To Sell a Home: April
- Affordability Index: High
- Days To Sell a House: 22
- Job Market: Fair
- Public School Ranking: 64
Selling a home in Alexandria, VA
The median home value in Alexandria is $551,395. In order to earn the highest value for your home, aim to sell during April. Home sales during this month are 3.51% more than the yearly average. During the month of May, home sales are up to 8 days faster than the sales of any other month. Considering the buyer and seller market is constantly changing, selling a home quickly might seem difficult. The one real estate option that remains consistent, despite when it is you decide to sell, is iBuying.
iBuyers buy homes from those who need an expedited sale and will provide instant, all-cash offers. No matter when or why you might need to sell your home, an iBuyer can provide you with a quicker sale than any other alternative.
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 160,000.
The job growth here has increased by 1.9% over the last year and in ten years, is predicted to have increased by 40.9%. This is higher than the US average of 33.5%. 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 the US Army, United Way, The Salvation Army, VSE, and Society for Human Resource. 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.
Despite a higher cost of living, Alexandria has much to offer. Considering the strong job opportunity, a variety of different industries to work in, and the family-friendly environment here, this city will continue to be the perfect home for residents of all interests and life-style preferences.
Alexandria real estate market details
- Eisenhower East
- Taylor Run
- Potomac Yard/Potomac Greens
- Southwest Quadrant