Home Values in Alexandria, Virginia — 2026 Market Report
Updated March 2026 | Balanced Market | +4.4% YoY
The median home value in Alexandria, Virginia is $595,000 as of March 2026, which is above the national median of $400,000. Home values in Alexandria have increased by 4.4% over the past year and 24% over the last five years. With a population of 159,467 and a median household income of $102,250, the price-to-income ratio stands at 5.8x, making Alexandria affordable for the average household.
Alexandria Housing Market Conditions
| Metric | Alexandria | National Avg |
|---|---|---|
| Median Home Value | $595,000 | $400,000 |
| YoY Appreciation | +4.4% | +3.8% |
| 5-Year Appreciation | +24% | +22.4% |
| Price per Sq Ft | $280 | $222 |
| Days on Market | 46 days | 45 days |
| Months of Supply | 3.4 | 3.5 |
| List-to-Sale Ratio | 101.9% | 98.5% |
| Monthly Homes Sold | 134 | — |
| Foreclosure Rate | 0.43% | 0.3% |
Home Value Trends in Alexandria
A homeowner who purchased at the median price of $479,839 five years ago in Alexandria would have gained approximately $115,161 in equity, representing a 24% return on investment. Over the past year alone, the typical homeowner gained $25,077 in home equity.
Affordability in Alexandria, VA
With a median household income of $102,250 and a median home price of $595,000, the price-to-income ratio in Alexandria is 5.8x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $4,381 compared to estimated monthly ownership costs of $3,223 gives a rent-vs-buy ratio of 0.74. In Alexandria, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Alexandria
The effective property tax rate in Virginia is 0.8%. On a home valued at $595,000, the estimated annual property tax bill is $4,760, or approximately $397/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Alexandria is 135.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Alexandria, VA?
The median home value in Alexandria, Virginia is $595,000 as of March 2026. Home values have changed +4.4% over the past year, with a 5-year appreciation of 24%.
Is Alexandria a buyer's or seller's market?
Alexandria is currently a balanced market with 3.4 months of housing supply. Homes spend an average of 46 days on market, and the list-to-sale price ratio is 101.9%. Supply and demand are relatively balanced.
Are home values going up in Alexandria?
Yes, home values in Alexandria have increased by 4.4% over the past year. The 5-year appreciation rate is 24%, meaning a home worth $479,839 five years ago is now worth $595,000.
Is it better to rent or buy in Alexandria?
The average monthly rent in Alexandria is $4,381, while estimated monthly homeownership costs are approximately $3,223. The price-to-rent ratio is 11.3. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Alexandria, Virginia is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.