How much does it cost to buy a home in Alexandria?

The median sold price in Alexandria hit $695,000 in February 2026, with a YTD median of $629,000. Pricing ranges widely: condos near the Springfield border start around $300K-$350K, high-rise condos run $400K-$500K, family townhomes in the $500K-$900K range, and Old Town townhomes can run multi-million. Some of the most expensive homes ever sold in Virginia have been in Alexandria.

What neighborhoods are in Alexandria?

Old Town is the historic core. Old Town North sits just above it. Del Ray has a walkable Main Street family vibe. Carlyle and Eisenhower Avenue host modern high-rises and the federal courthouse. Potomac Yard is the newest area with the Virginia Tech Innovation Campus. Rosemont features early 20th-century homes. The West End and Landmark area are in active redevelopment around the new INOVA hospital. Plus the Alexandria portions near Springfield and Franconia.

How are the schools in Alexandria?

Alexandria City Public Schools is rated B+ on niche.com — a strong score for a user-generated review platform. The system serves around 16,000 students. Niche gives the area an A for diversity and an A for families. The Virginia Tech Innovation Campus at Potomac Yard adds graduate-level tech education within the city.

How is the commute from Alexandria?

Alexandria has some of the best commute access in Northern Virginia. Metro Yellow and Blue lines run through with stations at King Street-Old Town, Braddock Road, Eisenhower Avenue, Van Dorn, and Huntington. Direct access to I-495, I-395, and the GW Parkway. Reagan National is minutes away. Water taxis run from Old Town to D.C. and to National Harbor.

What's happening with the new INOVA Alexandria Hospital?

INOVA broke ground in September 2024 on a $1 billion campus on the former Landmark Mall site in Alexandria's West End. The campus totals 1.1 million sq ft, 192 hospital beds, a comprehensive cancer center, specialty care center, Level II trauma center, and 24-hour advanced cardiac and neuroscience services. Around 2,000 healthcare workers will be based on site. Construction runs through 2028, with opening anticipated late 2028. This is the largest healthcare investment in Virginia's history.

What's at Potomac Yard?

Potomac Yard is one of Alexandria's most active redevelopment areas. The Virginia Tech Innovation Campus is operational there — a graduate-level tech-focused campus. New high-rise residential, retail, and the Potomac Yard Metro station (Yellow Line, opened 2023) anchor the area.

Is Alexandria good for young professionals?

Niche.com ranks Alexandria #12 in America for the best cities for young professionals to live and buy a home, with an A+ overall rating, A+ for nightlife, and A for diversity. Walkability, transit access, and proximity to high-paying federal, defense, and tech jobs make it one of the strongest young-professional markets in the DMV.

What's traffic like in Alexandria?

The Washington D.C. metro ranks 9th in the U.S. and 19th globally on the latest INRIX traffic rankings, with the average commuter losing about 70 hours per year. Old Town gets congested on weekends from tourist traffic. The Beltway (I-495) and the Woodrow Wilson Bridge to Maryland are routine bottlenecks. Metro and water taxi access mean many Alexandrians don't drive to commute.

What's the cost of living in Alexandria?

Cost of living runs about 39% above the national average, with housing roughly 98% above national average and groceries about 10% above. Parking is the hidden cost — many Old Town buildings don't include it. The premium is justified for most buyers by Alexandria's job market: federal, defense contracting, Amazon HQ2 spillover, and the entire Pentagon orbit.

Do you need a car in Alexandria?

No, and that's part of the appeal. Outside of Arlington, Alexandria is the most car-optional city in Northern Virginia. Metro Yellow and Blue lines, extensive Capital Bikeshare, water taxis, and walkable neighborhoods like Old Town and Del Ray mean many residents skip car ownership entirely.

What's so special about Old Town Alexandria?

Old Town has a charm you don't find anywhere else in Northern Virginia. Cobblestone streets, 18th- and 19th-century rowhouses, King Street's mile-long stretch of boutiques and restaurants, the Potomac River waterfront. Travel + Leisure has named it a top-10 place to visit in the U.S. multiple times. The Old Town Farmers' Market, operating since 1753, is the oldest continuously running market in the country.

Is now a good time to buy in Alexandria?

Alexandria is one of the most established real estate markets in the country and doesn't dip the way newer markets do. The Feb 2026 numbers — $695K median, 30 days on market, 98.4% sold-to-list — show a still-competitive market with slightly more inventory than a year ago. The major investments coming (the $1B INOVA hospital, Potomac Yard buildout, Amazon HQ2 spillover) all point to durable long-term demand.