The housing market in Alexandria, MN Metro Area has been growing steadily in recent years. The median value of houses in the area is currently $294,000, which is significantly lower than the nationwide median value of $338,100. However, the one year appreciation rate for homes in Alexandria is 11.33%, which is higher than the US average of 8.27%. This demonstrates that homeowners in Alexandria can expect their investments to increase in value over time. It is clear that the housing market in Alexandria remains strong and those considering purchasing property in the area can do so with confidence.
The median home cost in Alexandria Metro Area is $294,000. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Alexandria Metro Area is up 13.6%.
Average Age of Homes
- The median age of Alexandria Metro Area real estate is 35 years old
The Rental Market in Alexandria Metro Area
- Renters make up 18.3% of the Alexandria Metro Area population
- 0.8% of houses and apartments in Alexandria Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.