Alexandria, VA

Population: 148,892
Average annual home appreciation rate: 9.61%
Total of homes for sale in this market: 644
Median home price: $534,089
Median Rent: $1,676 per room
Home price range: 26.51% of homes are between $560,001 – $840,000
Median sales price: $445,000
Number of homes: 219
Median foreclosure sales price: $320,950
Foreclosure discount: 28%
Most common home type: 58.69% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 10.21%
Number of renters: 57.13%
Number of owner occupied: 42.88%
Number people living below poverty level: 8.42%
Unemployment rate: 3.20%
Is this area perfect for real estate deals going on right now? Alexandria has been a solid performer for well over a decade, and it’s still running strong. Although the home prices in Alexandria are more expensive then most real estate investors seek, there are some things that all investors need to pay attention to that might lead to opportunities… 1. Higher amount of renters vs. owners (Great for rental property investors) 2. Very high rental rates 3. Multiple vacant (zombie) properties available on the market. (Great for cash investors who can negotiate prices with motivated sellers. 4. LARGE discounts (28%) on troubled (foreclosure) properties. These are just a few of the reasons why investors are doing what it takes to get involved in the Alexandria market.

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