Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Alexandria

Learn about the people, housing, costs and businesses in Alexandria, Minnesota

Median Home$285,154
Median Rent$923/month
Population14,432
Leading IndustriesRetail · Transportation20% retail
Home Value Growth⬆⬆+13.7% over 2 years
Retirees26% of residentsabove average nationally
Homeowners63% of occupied units
NotableAmenity Score72/100 · highly walkable area
NotableVeteran Community9% of residents · top 22% nationally
Alexandria
MN

Frequently Asked Questions

What are today's mortgage rates in Alexandria?

As of today, the 30-year fixed mortgage rate for Alexandria is approximately 6.928% (6.965% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Alexandria
What is the median home price in Alexandria?

The median home value in Alexandria is $285k. The median monthly rent is $923. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Alexandria?

Home values in Alexandria have increased 13.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Alexandria?

Based on a typical all-in ownership cost of $1,094/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Alexandria is $65k/year.

Calculate your buying power
What industries drive the economy in Alexandria?

The largest employment sectors in Alexandria are public administration (23%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.