Alexandria, Virginia 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.
-
Median home price 97% above the Virginia median$505,002
-
Median rent 32% above the Virginia median$2,089
Housing Market Overview
| Metric | Alexandria | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $505,002 | $256,082 | $248,835 |
| Price Trend (Annual %) | 1.0% | 3.5% | 7.5% |
| Median Gross Rent | $2,089 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alexandria is about 97% higher than in Virginia. Rent is about 32% higher than the Virginia 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 1.0% and 3.3% a year respectively. Rent is changing faster.
Median rent in Alexandria rose about 34.5% between 2015 and 2024, from $1,553 to $2,089. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Alexandria.
Buying the median-priced home in Alexandria costs roughly 20.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Alexandria. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Alexandria | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $505,002 | $256,082 | $248,835 |
| Median Household Income | $118,677 | $93,527 | $80,455 |
| Price-to-Income Ratio | 4.3 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Alexandria rose about 14.2%, while median household income rose about 45.6% 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 | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.7% | 61.5% | 58.5% |
| Rental Rate | 54.5% | 29.8% | 31.2% |
| Vacancy Rate | 5.9% | 8.7% | 10.2% |
| Median Tenure (years) | 10.0 | 15.0 | 15.0 |
| Median Year Moved In | 2016 | 2011 | 2011 |
Alexandria has a homeownership rate of 39.7%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 5.9%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Alexandria | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.04 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1974 | 1982 | 1978 |
| Median Number of Rooms | 4.1 | 6.0 | 5.5 |
The typical housing unit in Alexandria was built around 1974. On average, 2.0 people live in a home with about 4.1 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Alexandria, Virginia.
What is the median home price in Alexandria, Virginia?
The median home price in Alexandria, Virginia is $505,002, higher than the Virginia average of $256,082.
What is the average home price in Alexandria, Virginia?
The typical home price in Alexandria, Virginia, reported as the median sale price, is $505,002. 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, Virginia?
The median gross rent in Alexandria, Virginia is $2,089 per month, higher than the Virginia average of $1,579.
What was the median gross rent in Alexandria in 2020?
In 2020, the median gross rent in Alexandria, Virginia was $1,773 per month.
What is the price-to-rent ratio in Alexandria, Virginia?
The price-to-rent ratio in Alexandria, Virginia is about 20.1, meaning it would take roughly 20.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Alexandria.
Are home prices or rent rising faster in Alexandria, Virginia?
Both home prices and rent are rising in Alexandria, up about 1.0% and 3.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Alexandria, Virginia?
39.7% of households in Alexandria, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Alexandria, Virginia?
The housing vacancy rate in Alexandria, Virginia is 5.9%, lower than the Virginia average of 8.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →