There are currently 97,749 real estate properties in Alexandria, VA, with a median automated valuation model (AVM) price of $626,250.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Alexandria, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Alexandria, VA, is $679,323.00, with the most expensive house in Alexandria, VA, topping out at $59,542,000.00 and the cheapest home in Alexandria, VA, clocking in at $24,908.00. In other words, there’s something for every potential homebuyer or savvy investor in Alexandria, VA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Alexandria, VA, is on a rollercoaster ride. The average rent price in Alexandria, VA, is $2,514.00. Indeed, when looking to rent in Alexandria, VA, you can expect to pay as little as $980.00 or as much as $7,990.00, with the average rent median estimated to be $2,450.00. The good news is that finding an affordable and desirable property to rent in Alexandria, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Alexandria is located in Alexandria, Virginia, with an estimated municipal population of 159,428 residents. All of the best foreclosed homes for sale in Alexandria are located in the following zip code areas on Foreclosure.com: 22302 22301 22304 22305 22311 22314 20598 22320 22331 22332 22333 22334. The estimated population per square kilometer (.62 miles) in Alexandria is 4,121.
So, about how much do homes cost in Alexandria? The most recent median value of resident-owned homes in Alexandria is 572,182. An estimated 43.3 percent of households in Alexandria own their homes, with an average family size of 3.02. The median household income in Alexandria is 100,939, with50.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Alexandria, the median commute time of resident workers (in minutes) is 31.9. And last, but certainly not least, are you looking for homes to rent in Alexandria? If so, the average rent price paid by renters in Alexandria is 1,747, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Alexandria, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Alexandria is 36.8, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Alexandria is 43.7, with an average family size of 3.02.
The percentage of residents who report their race in Alexandria is as follows:
| White | 62.2% |
| Black / African American | 21.8% |
| Asian | 5.9% |
| American Indian / Alaskan Native | 0.2% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 5.3% |
| Other | 4.6% |
Looking for family-friendly neighborhoods in and/or near Alexandria? Or maybe you are searching for 55+ active adult communities in and/or near Alexandria?
The percentage of residents who report their age in Alexandria is as follows:
| Under 10 | 11.8% |
| Aged 10-19 | 7.6% |
| 20s | 14.5% |
| 30s | 22.6% |
| 40s | 14.9% |
| 50s | 12.2% |
| 60s | 9.3% |
| 70s | 4.4% |
| 80+ | 2.7% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Alexandria with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Alexandria.
How do you know that living in -- or moving to -- Alexandria is right where you need to be? Perhaps you grew up in Alexandria or already live nearby; therefore, the decision to buy a home in Alexandria is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Alexandria for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Alexandria:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Alexandria.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Alexandria can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Alexandria, meanwhile, can field multiple offers from more qualified buyers.
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