Alexandria, VA—22304
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alexandria, VA
As of Oct '25, the median home price in Alexandria, VA is $447,000, with a year-over-year change of 1.0%. This indicates that home prices in Alexandria, VA are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $447,000 | 1.0% |
| Single Family | $766,000 | -0.6% |
| Condos | $331,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $269,000 | 3.1% |
2 Bed | $371,000 | 1.9% |
3 Bed | $702,000 | 0.0% |
4 Bed | $931,000 | -0.5% |
| 5 Bed | $1,347,000 | 1.2% |
% of Housing Stock
Rental Trends — Alexandria, VA
As of July '25, Rentcast reports the average rent in Alexandria, VA is $2,780, with a year-over-year rent change of 5.3%. Per bedroom, the median rent as of July '25 in Alexandria, VA is studios: $1,540, 1-bedrooms: $1,940, 2-bedrooms: $2,620, 3-bedrooms: $3,750, 4-bedrooms: $4,400. The most common rental property sizes in Alexandria, VA are 1-bedroom and 2-bedroom, accounting for 43.1% and 34.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,780 |
| Studio Rent | $1,490 | $1,540 |
| 1 Bed Rent | $1,940 | $1,940 |
| 2 Bed Rent | $2,500 | $2,620 |
| 3 Bed Rent | $3,800 | $3,750 |
| 4 Bed Rent | $4,600 | $4,400 |
% of Rental Stock
Property Listings — Alexandria, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Alexandria, VA is 34. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $352,000 | -10.0% |
Listing Count | 169 | 55.0% |
| Listings as % of Homes | 0.3% | 55.0% |
Days on Market | 34 | 23.0% |
Demographics — Alexandria, VA
As of the latest ACS Survey released in 2023, Alexandria, VA has a population of 48,600, which has remained stable by 0.8% over the past 5 years. Alexandria, VA is a moderately popular place for families, as children make up 18.0% of the population. The area has a highly educated workforce, with 59.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,600 | 0.8% |
% Under 18 | 18.0% | -1.6% |
% Seniors | 12.3% | 11.8% |
% WFH | 21.3% | 407.1% |
% w/ College Degree | 59.0% | 12.8% |
As of the latest ACS Survey released in 2023, Alexandria, VA is a predominantly white area, with 40.4% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Alexandria, VA is black, making up 28.3% of the population. Foreign-born residents account for 29.3% of the population in Alexandria, VA, and this percentage has decreased by 18.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 40.4% | -1.7% |
% Black | 28.3% | -1.4% |
% Hispanic | 17.3% | 1.2% |
% Asian | 8.1% | -2.4% |
% Foreign Born | 29.3% | -18.2% |
Mortgage and Risk — Alexandria, VA
According to HUD data as of 2023, there were 625 mortgage originations in Alexandria, VA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Alexandria, VA. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 625 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Alexandria, VA
As of 2024, the percent of homes in Alexandria, VA under the Section 8 program is 12.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Alexandria, VA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,669 |
Total Units Section 8 | 1,612 |
% Rentals under Section 8 | 12.0% |
% Occupied Section 8 | 84.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,940 | $2,250 |
| 2 Bedroom | $30 | $2,500 | $2,530 |
| 3 Bedroom | -$640 | $3,800 | $3,160 |
| 4 Bedroom | -$870 | $4,600 | $3,730 |
Affordability — Alexandria, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $447,000 |
| Median Household Income | $97,600 |