Alexandria, MN—56308
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alexandria, MN
As of Oct '25, the median home price in Alexandria, MN is $351,000, with a year-over-year change of 2.9%. This indicates that home prices in Alexandria, MN are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $351,000 | 2.9% |
| Single Family | $352,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $303,000 | 3.1% |
3 Bed | $344,000 | 2.7% |
4 Bed | $425,000 | 2.7% |
| 5 Bed | $541,000 | 1.9% |
% of Housing Stock
Rental Trends — Alexandria, MN
As of July '25, Rentcast reports the average rent in Alexandria, MN is $1,430, with a year-over-year rent change of 17.2%. Per bedroom, the median rent as of July '25 in Alexandria, MN is 1-bedrooms: $1,210, 2-bedrooms: $1,100, 3-bedrooms: $1,540, 4-bedrooms: $2,450. The most common rental property sizes in Alexandria, MN are 2-bedroom and 1-bedroom, accounting for 44.6% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,210 |
| 2 Bed Rent | $1,120 | $1,100 |
| 3 Bed Rent | $1,590 | $1,540 |
| 4 Bed Rent | $2,000 | $2,450 |
% of Rental Stock
Property Listings — Alexandria, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Alexandria, MN is 71. This is a increase of 25.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $471,000 | 15.0% |
Listing Count | 169 | 24.0% |
| Listings as % of Homes | 0.4% | 24.0% |
Days on Market | 71 | 25.0% |
Demographics — Alexandria, MN
As of the latest ACS Survey released in 2023, Alexandria, MN has a population of 26,700, which has increased by 6.4% over the past 5 years. Alexandria, MN is a moderately popular place for families, as children make up 21.5% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,700 | 6.4% |
% Under 18 | 21.5% | 1.9% |
% Seniors | 23.9% | 8.6% |
% WFH | 10.6% | 58.2% |
% w/ College Degree | 33.2% | 19.4% |
As of the latest ACS Survey released in 2023, Alexandria, MN is a predominantly white area, with 93.1% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Alexandria, MN is hispanic, making up 2.7% of the population. Foreign-born residents account for 1.7% of the population in Alexandria, MN, and this percentage has increased by 13.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.1% | -2.3% |
% Black | 0.6% | 0.0% |
% Hispanic | 2.7% | 35.0% |
% Asian | 0.5% | 25.0% |
% Foreign Born | 1.7% | 13.3% |
Mortgage and Risk — Alexandria, MN
According to HUD data as of 2023, there were 459 mortgage originations in Alexandria, MN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Alexandria, MN. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 459 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 4.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Alexandria, MN
Alexandria, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 568 |
Total Units Section 8 | 384 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 77.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$450 | $1,200 | $750 |
| 2 Bedroom | -$160 | $1,120 | $960 |
| 3 Bedroom | -$350 | $1,590 | $1,240 |
| 4 Bedroom | -$670 | $2,000 | $1,330 |
Affordability — Alexandria, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $351,000 |
| Median Household Income | $76,800 |