Alexandria city Real Estate and Livability Trends
In Alexandria City, Virginia, the average taxable income per tax return has seen a significant rise, jumping from $96,485.58 in 2013 to $142,496.34 in 2021. Alongside this, real estate prices have surged, with median home values increasing from $502,500 in 2015 to $655,700 in 2022, far outpacing state and national trends. However, rising state and local taxes, now $18,283.86, and a higher... Read more
Alexandria city Market Trends
In Alexandria, Virginia, median home values have surged from $502,500 in 2015 to $655,700 in 2022, outpacing state and national trends. Real estate taxes have also climbed significantly, reaching $8,793.97 in 2021, reflecting the area's growing desirability. There was a notable spike in residential energy tax credits in 2018, suggesting shifts in energy efficiency initiatives. The market for... Read more
Median Value of Occupied Housing Units in Alexandria city, Virginia Over the Last 8 Years
Over the past eight years, Alexandria, Virginia has experienced significant increases in median home values, surging from $502,500 in 2015 to $655,700 in 2022. This upward trend in Alexandria far outpaced both the state of Virginia, which saw median home values rise from $245,000 to $339,800, and the national average, which increased from $125,500 to $179,400 over the same period. This could suggest a particularly strong local demand and investment potential in Alexandria compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Alexandria city, VA Over the Last 9 Years
Over the last nine years, Alexandria city, Virginia has seen significant fluctuations in the average residential energy tax credit per tax return. From 2013 to 2017, there were steady increases, peaking at $685.48 in 2017. However, an extraordinary spike occurred in 2018, with the average credit soaring to $3181.25, before stabilizing at somewhat lower levels in subsequent years. These trends suggest possible shifts in residential energy efficiency initiatives or incentive programs, which could be of particular interest to prospective investors, property developers, and real estate agents looking to capitalize on or understand the local housing market's dynamics.
Average Real Estate Taxes Per Tax Return in Alexandria city, VA Over the Last 10 Years
Over the last decade, real estate taxes in Alexandria city, Virginia, have exhibited a steady upward trend, rising from $5,403.53 in 2012 to $8,793.97 in 2021. This increase reflects the area's growing desirability and possibly escalating property values, making it a critical point of interest for prospective homeowners, investors, and real estate professionals. Notably, the most significant hikes occurred from 2016 to 2017 and 2020 to 2021, indicating potential market shifts or policy changes impacting tax rates. Understanding these trends can assist in making more informed decisions regarding property investments and financial planning related to real estate in Alexandria city.
Percentage of Farm Returns in Alexandria city, VA Over the Last 10 Years
Farm tax returns in Alexandria city, Virginia likely hover below 0.11%, with a slight downward trend over the last decade. This could casually suggest limited or diminishing agricultural activities. For potential investors, developers, or new residents, this might indicate an economy less reliant on traditional farming, perhaps showing a shift towards more urban or diversified economic activities. The minuscule percentages might suggest opportunities for urban agriculture or investment in non-farming sectors.
Number of Mortgages by Occupancy Type in Alexandria city, VA Over the Last 5 Years in Alexandria city
Over the last five years in Alexandria city, Virginia, there has been a noticeable fluctuation in mortgage counts categorized by occupancy types. Principal Residences have consistently seen the highest number of mortgages, suggesting strong demand and stability in the primary housing market. Investment Properties experienced a significant spike in 2021 but generally showed lower counts, indicating a potentially less robust but still relevant market for property investors. The relatively low and declining numbers for Second Residences might hint at a waning interest in vacation properties within this area. These shifts in occupancy types can influence decisions for investors and developers in terms of market focus, while also affecting appraisal values and insurance considerations based on the type and stability of property investments.
Economic Outlook
Average taxable income per tax return in Alexandria City, Virginia has grown significantly, from $96,485.58 in 2013 to $142,496.34 in 2021. This trend hints at a thriving local economy and could potentially enhance the area's appeal for property investment. Average state and local income taxes per tax return in Alexandria City have more than doubled over the past decade, rising from $8,944.74 in 2012 to $18,283.86 in 2021. These increasing tax amounts might reflect higher income levels and... Read more
Average Taxable Income per Tax Return in Alexandria city, VA over the last 9 years
Average taxable income per tax return in Alexandria city, Virginia has demonstrated a general upward trend over the past nine years. This could indicate a healthy economic environment, potentially making it an appealing area for property investment and real estate development. Starting from about $96,485.58 in 2013, the average taxable income has increased significantly, reaching approximately $142,496.34 in 2021. This consistent rise may suggest growing affluence among residents, which could be a key consideration for appraisers, insurance agents, and anyone interested in relocating to or working in the region.
Average State and Local Income Taxes Per Tax Return in Alexandria city, VA Over the Last 10 Years
Over the past decade, Alexandria city in Virginia has experienced a noticeable increase in average state and local income taxes per tax return, climbing from approximately $8,944.74 in 2012 to about $18,283.86 in 2021. This rising trend might reflect a combination of increasing income levels and potential tax policy changes, suggesting a growing economic robustness that could be appealing to investors and realtors. The escalating tax amounts, however, might also be a consideration for prospective residents and businesses when evaluating the area. These trends could influence property valuations, insurance premiums, and investment decisions, highlighting the city's evolving economic landscape.
Average Total Tax Liability Per Tax Return in Alexandria city, VA Over the Last 10 Years
Over the last decade, Alexandria City's average total tax liability per tax return has generally increased. Starting from $19,309.43 in 2012, it saw a steady rise, reaching $29,859.15 by 2021. Notable jumps occurred between 2016 and 2017, and again between 2020 and 2021. This trend may suggest growing economic prosperity and higher incomes in the area, which could be beneficial for investors or real estate agents targeting affluent buyers. However, higher tax liabilities could also mean a higher cost of living, making it crucial for potential movers, appraisers, and insurance agents to consider these factors when evaluating the city.
Cost of Living in Alexandria city
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,377 | $1,987 | $1,492 | $3,861 | $2,862 |
| 1 adult 4 children | $2,377 | $1,622 | $1,137 | $3,861 | $2,881 |
| 2 adults 3 children | $2,377 | $1,623 | $1,296 | $3,861 | $2,591 |
| 1 adult 3 children | $2,377 | $1,325 | $941 | $3,861 | $2,678 |
| 2 adults 2 children | $1,900 | $1,329 | $1,100 | $3,357 | $2,067 |
| 1 adult 2 children | $1,900 | $992 | $746 | $3,357 | $2,178 |
| 2 adults 1 child | $1,900 | $1,050 | $904 | $1,717 | $1,423 |
| 1 adult 1 child | $1,900 | $678 | $550 | $1,717 | $1,467 |
| 2 adults | $1,670 | $844 | $709 | $0 | $942 |
| 1 adult | $1,643 | $460 | $354 | $0 | $896 |
Safety trends & Data
Over the last five years in Alexandria City, Virginia, there has been a noticeable fluctuation in property crime rates, particularly with larceny-theft peaking at 288.00 incidents in 2019 and declining to 215.00 in 2022. A significant rise in burglary incidents to 44.00 cases in 2021 might be a developing trend or an isolated spike. While fraud and vandalism have remained relatively stable, these crime trends could impact decisions for investors, appraisers, insurance agents, and real estate... Read more
Property Crime Trends in Alexandria city, VA Over the Last 5 Years
Over the last five years in Alexandria city, Virginia, there has been a noticeable fluctuation in property crime rates, with larceny-theft consistently being the most prevalent issue, peaking at 288.0 incidents in 2019 before seeing a decline to 215.0 in 2022. Burglary incidents saw a significant rise in 2021 to 44.0 cases, indicating a possible trend or isolated surge during that year. Fraud and vandalism incidents have varied less dramatically, suggesting relatively stable but noteworthy concerns in these areas. These trends could influence decisions for potential investors, appraisors, insurance agents, and real estate professionals looking to understand the local market and associated risks.
Demographics
Alexandria, Virginia's adult population skews slightly female with women making up about 52% of the adult demographic. A noteworthy asset is the high level of educational attainment; roughly 56% of adults have a bachelor's degree or higher. Age distribution reveals a youthful trend, with significant populations in the 25-34 and 35-44 age brackets, which could imply a vibrant, working-age community. Racial diversity is another key aspect, with a significant White population accounting for nearly... Read more
Race Distribution in Alexandria city, Virginia (2022)
Educational Attainment in Alexandria city, Virginia (2022)
Age Distribution in Alexandria city, Virginia
Citizen Population in Alexandria city, Virginia (2022)
Political Trends & Data
In Alexandria City, Virginia, the 2020 U.S. Presidential Election results hinted at a possible lean towards Democratic candidates, suggesting a potential shift towards more liberal policies in the area. Republican votes were considerably lower, possibly indicating a changing political climate. Additionally, the minor presence of Libertarian and other party votes points to some level of ideological diversity among... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Alexandria City, Virginia, the 2020 U.S. Presidential Election saw a notable preference for Democratic candidates, potentially reflecting a broader trend towards liberal policies in the area. Republicans garnered significantly fewer votes, which might indicate a shifting political landscape. The presence of Libertarian and other minor party votes, while small, suggests some ideological diversity within the electorate.
17.62% of voters voted for the Republican party in the 2020 Presidential Election
80.27% of voters voted for the Democrat party in the 2020 Presidential Election
1.24% of voters voted for the Livertarian party in the 2020 Presidential Election
0.87% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Alexandria City, Virginia has seen its student-to-teacher ratio peak at 19 students per teacher in 2020, dropping to around 14 by 2021 and 2023. Despite this improvement, the city's ratio has often been higher than the national average of 14, indicating larger class sizes. This variability might impact education quality, which is a key consideration for families prioritizing schools. Investors, real estate agents, and appraisers should be aware of these trends as they can... Read more
Student-to-teacher ratio in Alexandria City, Virginia over the last 10 years
Over the last decade, Alexandria City, Virginia has seen fluctuations in its student-to-teacher ratio, peaking at 19 students per teacher in 2020 and dropping to around 14 by 2021 and 2023. This trend suggests variability in classroom sizes, potentially affecting education quality. Compared to the national average of 14 students per teacher, Alexandria City's ratio has often been higher, implying potentially larger class sizes. Those looking to invest, move, or build property in Alexandria might consider these trends, as class size can be a critical factor for families prioritizing education. Real estate agents, appraisers, and insurance agents should keep an eye on these dynamics since they can influence property values and client preferences.
