Alexandria, Louisiana Housing Market Prices
Alexandria Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 12% above the Louisiana median$190,629
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Median rent 13% below the Louisiana median$930
Housing Market Overview
| Metric | Alexandria | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $190,629 | $170,446 | $248,835 |
| Price Trend (Annual %) | 1.3% | 4.3% | 7.5% |
| Median Gross Rent | $930 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 2.8% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alexandria is about 12% higher than in Louisiana. Rent is about 13% lower than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Alexandria, up about 1.3% and 2.8% a year respectively. Rent is changing faster.
Median rent in Alexandria rose about 26.5% between 2015 and 2024, from $735 to $930. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Alexandria.
Buying the median-priced home in Alexandria costs roughly 17.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Alexandria. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Alexandria | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $190,629 | $170,446 | $248,835 |
| Median Household Income | $44,825 | $60,934 | $80,455 |
| Price-to-Income Ratio | 4.3 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Alexandria rose about 19.4%, while median household income rose about 36.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Alexandria | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.1% | 57.7% | 58.5% |
| Rental Rate | 39.4% | 27.9% | 31.2% |
| Vacancy Rate | 20.5% | 14.4% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Alexandria has a homeownership rate of 40.1%, lower than the Louisiana average of 57.7%. Its housing vacancy rate is 20.5%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Alexandria | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1970 | 1983 | 1978 |
| Median Number of Rooms | 5.1 | 5.5 | 5.5 |
The typical housing unit in Alexandria was built around 1970. On average, 2.4 people live in a home with about 5.1 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Alexandria, Louisiana.
What is the median home price in Alexandria, Louisiana?
The median home price in Alexandria, Louisiana is $190,629, higher than the Louisiana average of $170,446.
What is the average home price in Alexandria, Louisiana?
The typical home price in Alexandria, Louisiana, reported as the median sale price, is $190,629. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Alexandria, Louisiana?
The median gross rent in Alexandria, Louisiana is $930 per month, lower than the Louisiana average of $1,063.
What was the median gross rent in Alexandria in 2020?
In 2020, the median gross rent in Alexandria, Louisiana was $814 per month.
What is the price-to-rent ratio in Alexandria, Louisiana?
The price-to-rent ratio in Alexandria, Louisiana is about 17.1, meaning it would take roughly 17.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Alexandria.
Are home prices or rent rising faster in Alexandria, Louisiana?
Both home prices and rent are rising in Alexandria, up about 1.3% and 2.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Alexandria, Louisiana?
40.1% of households in Alexandria, Louisiana own their home, lower than the Louisiana average of 57.7%.
What is the vacancy rate in Alexandria, Louisiana?
The housing vacancy rate in Alexandria, Louisiana is 20.5%, higher than the Louisiana average of 14.4%.
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