Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,309 people, 578 houses or apartments, and a median cost of homes of $251,584, house prices in West Alexandria are solidly below the national average.
Single-family detached homes are the single most common housing type in West Alexandria, accounting for 68.82% of the village's housing units. Other types of housing that are prevalent in West Alexandria include duplexes, homes converted to apartments or other small apartment buildings ( 20.79%), large apartment complexes or high rise apartments ( 8.03%), and a few row houses and other attached homes ( 2.36%).
The most prevalent building size and type in West Alexandria are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 62.11% owning and 37.89% renting.
The housing in West Alexandria was primarily built before 1939 ( 34.96%), making the housing stock in West Alexandria some of the oldest overall in America, although there is a range of ages of homes in West Alexandria. The next most important housing age is between 1940-1969 ( 33.07%), followed by between 1970-1999 ( 25.83%). There's also some housing in West Alexandria built between 2000 and later ( 6.14%).
Appreciation rates for homes in West Alexandria have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.11%, which ranks in the top 40% nationwide. This equates to an annual average West Alexandria house appreciation rate of 7.18%.
Appreciation rates are so strong in West Alexandria that despite a nationwide downturn in the housing market, West Alexandria real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Alexandria appreciation rates continue to be some of the highest in America, at 9.26%, which is higher than appreciation rates in 82.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Alexandria. West Alexandria appreciation rates in the latest quarter were at 1.02%, which equates to an annual appreciation rate of 4.15%.
Relative to Ohio, our data show that West Alexandria's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.
$251,584
for Ohio
for nation
578
$1,123 / per month