Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 4,032, 1,317 total housing units (homes and apartments), and a median house value of $202,624, house prices in Alexandria are solidly below the national average.
Single-family detached homes are the single most common housing type in Alexandria, accounting for 81.19% of the town's housing units. Other types of housing that are prevalent in Alexandria include mobile homes or trailers ( 13.87%), duplexes, homes converted to apartments or other small apartment buildings ( 4.94%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Alexandria. Owner-occupied housing accounts for 87.85% of Alexandria's homes, and 81.44% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Alexandria built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Alexandria built between 2000 and later ( 17.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.64%).
Vacant housing appears to be an issue in Alexandria. Fully 16.59% of the housing stock is classified as vacant. Left unchecked, vacant Alexandria homes and apartments can be a drag on the real estate market, holding Alexandria real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Alexandria, where house values have increased just 48.50%, which is annualized rate of 4.03%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Alexandria appreciation rates have trailed the rest of the nation. In the last twelve months, Alexandria's appreciation rate has been 1.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alexandria were at -2.77%, which equates to an annual appreciation rate of -10.64%.
Notably, Alexandria's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Alexandria's latest annual appreciation rate is lower than 90% of the other cities and towns in Alabama.
$202,624
for Alabama
for nation
1,317
$1,467 / per month