Alexandria First-Time Homebuyer Report for January

With 139,966 residents, Alexandria is the seventh-most populated city in Virginia. Also, with an 11.4% increase over the last 10 years, its population is growing faster than other parts of the state. Potomac West and Seminary Hill are the two largest neighborhoods in terms of population. It should be noted that at 53.4%, most homes are being rented in Alexandria. The top school in the city is T.C. Williams High School.

Culture

If you're looking to explore the nightlife of Alexandria then check out Capitol City Brewing Company, Foursquare's most popular place to get a drink. You might also try St. Elmo's Coffee Pub, a popular place to get a cup of coffee. You could also check out the popular Whole Foods Market, Harris Teeter, and Cheesetique to do some shopping.

Price Range

Homes in Alexandria are generally more expensive than others in the state with a median home value of $408,800 and an average list price of $488,539. With a median house value of 514,931, Taylor Run has the most highly priced homes in the city. The Alexandria market slowed with a 10.3% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 193.5 monthly average with 174 homes sold.

Out of all the listings in Alexandria, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$249K   $499K   $253K  

Typical Dwelling

A three-bedroom townhouse valued around $694,114 is considered a typical dwelling in Alexandria. If a buyer was looking for a similar home, they would need good credit and a $138,823 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,478 and the property tax rate is $10.21 per $1,000 of taxable assessed value.

Get started right now by checking out Alexandria homes for sale or reviewing Alexandria real estate trends.


Data reported through 1/12/2017

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