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Affordable
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These days, finding an affordable place to live in the Alexandria area can be challenging. Home prices in Alexandria are now at a median cost of $329,127, lower than the Minnesota average of $345,793.
The average cost of rent is $991/mo in Alexandria, primarily driven by the current value of real estate in the Alexandria area. In Alexandria, 29.37% of households rent, and 36.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alexandria is $6,528 per month. Households that rent pay about 15.18% of their income on rent here. Alexandria’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Garfield, MN: less expensive homes
- Forada, MN: higher priced homes
- Nelson, MN: less expensive homes
- Carlos, MN: higher priced homes
- Holmes City, MN: higher priced homes
- Osakis, MN: less expensive homes
- Miltona, MN: higher priced homes
- Brandon, MN: less expensive homes
- Leaf Valley, MN: higher priced homes
- Farwell, MN: less expensive homes
Cities with Similar Populations
- Harrisburg, NC: higher priced homes
- Taylorsville, NC: less expensive homes
- South Elgin, IL: higher priced homes
- Avon Park, FL: less expensive homes
- Helena, AL: higher priced homes
- Abingdon, VA: less expensive homes
- La Grange, KY: equally priced homes
- Harrison, AR: less expensive homes
- Burlington, KY: less expensive homes
- Medford, NJ: higher priced homes
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