West Alexandria, OH Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

West Alexandria, OH Housing Market Trends

With 1,325 people, 639 houses or apartments, and a median cost of homes of $180,147, West Alexandria real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in West Alexandria, accounting for 74.71% of the village's housing units. Other types of housing that are prevalent in West Alexandria include duplexes, homes converted to apartments or other small apartment buildings ( 15.43%), large apartment complexes or high rise apartments ( 5.86%), and a few row houses and other attached homes ( 4.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Alexandria. Owner-occupied housing accounts for 65.57% of West Alexandria's homes, and 61.43% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. West Alexandria's housing was primarily built during this period, from the '40s through the '60s. A full 36.86% of the village's housing hails from this era. Other housing ages represented in West Alexandria include homes built before 1939 ( 31.86%) and housing constructed between 1970-1999 ( 24.57%). There's also some housing in West Alexandria built between 2000 and later ( 6.71%).

West Alexandria Home Appreciation Rates

Real estate appreciation rates in West Alexandria's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.88% during the period.

NeighborhoodScout's data show that during the latest twelve months, West Alexandria's appreciation rate, at 6.84%, has been at or slightly above the national average. In the latest quarter, West Alexandria's appreciation rate has been 2.21%, which annualizes to a rate of 9.14%.

Relative to Ohio, our data show that West Alexandria's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$180,147

West Alexandria, OH HOME PRICES

> $1,288,000
0.6%
0.6%
$967,001 - $1,288,000
0.3%
0.3%
$644,001 - $967,000
2.9%
2.9%
$515,001 - $644,000
2.1%
2.1%
$386,001 - $515,000
5.8%
5.8%
$258,001 - $386,000
11.6%
11.6%
$129,001 - $258,000
48.2%
48.2%
$64,001 - $129,000
23.3%
23.3%
$0 - $64,000
5.1%
5.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for OH

Value Relative To Nation

Number Of Homes And Apartments:
639

West Alexandria Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
39.12% 1.57%
5
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$937 / per month

Homeownership Rate

Owners
65.6%
65.6%
Renters
34.4%
34.4%
Vacant
8.7%
8.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.7%
6.7%
1970 - 1999
24.6%
24.6%
1940 - 1969
36.9%
36.9%
1939 or Older
31.9%
31.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
74.7%
74.7%
Townhomes
4.0%
4.0%
Small Apt. Buildings
15.4%
15.4%
Apt. Complexes
5.9%
5.9%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
11.9%
11.9%
2 Bedrooms
24.3%
24.3%
3 Bedrooms
48.7%
48.7%
4 Bedrooms
12.7%
12.7%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in West Alexandria

Zip Codes in West Alexandria, OH