Mortgage payment estimates, closing cost breakdowns, and homebuying data for Alexandria, Virginia.
Pre-filled with Alexandria median home price and Virginia tax/insurance rates. Adjust for your property.
Estimated closing costs based on Virginia rates and fees applied to Alexandria prices.
The median home price in Alexandria is $650,000, 63% above the Virginia state median of $400,000. With a population of 159,467, Alexandria is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Virginia average 0.82% annually. This moderate property tax rate means a $650,000 home in Alexandria would carry roughly $444/month in property taxes. Homeowners insurance in Virginia runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Alexandria is $2,350/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Alexandria is a higher-cost market. At $650K median, buyers need significant savings or strong income. Down payment assistance through Virginia's Virginia Housing DPA Grant program becomes especially important.