RANK #608 / 996 · POP 157,594 · VA
PROJECTED GROWTH: +0.4%
Old Town Alexandria, a nationally designated historic district, features cobblestone streets and 18th- and 19th-century architecture. Located on the Potomac River, Alexandria is approximately six miles south of Washington, D.C. Commuting to D.C. is possible via Metrorail, bus services like DASH and Metrobus, Virginia Railway Express (VRE), or even by bike on dedicated trails. The city offers over 900 acres of parks and 52 miles of trails, including the Mount Vernon Trail along the Potomac River, providing opportunities for outdoor recreation.
Alexandria maintains a community atmosphere with a balance of urban amenities and green spaces. The city's public schools are rated above average. Recent economic development efforts focus on diversifying the economy beyond its traditional reliance on federal jobs and residential real estate. This includes attracting businesses in sectors like artificial intelligence and strengthening support for local entrepreneurs. New commercial and residential developments are underway in areas such as Old Town North, Eisenhower East, the West End, and Potomac Yard.
Overvalued relative to economy
Well below national median
Below national median
Below-average climate & terrain
Prices detached from rents
Housing looks overvalued at 7.2x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.
| PROJECT | AMOUNT | STATUS |
|---|---|---|
|
Potomac River Generating Station Redevelopment (Old Town North)
Hilco Redevelopment Partners (HRP)
|
$1,000M | Planned |
|
Alexandria City Public Schools Capital Improvement Program
City of Alexandria
|
$281M | Planned |
|
Cora Kelly Elementary School Replacement
City of Alexandria
|
$105M | Proposed |
|
Affordable Housing Investments (FY2027-FY2036)
City of Alexandria
|
$69M | Planned |
|
DASH Facility Expansion Project (Battery-Electric Bus Charging Yard)
Alexandria Transit Company (DASH) and City of Alexandria
|
$50M | Under Construction |
|
Eisenhower Pointe (Residential Development)
Tri Pointe Homes
|
$50M | Under Construction |
Source: public records, news, corporate announcements. Amounts are estimates where noted.
Bars show percentile rank among all 996 counties.
Alexandria city has a Boom Town Index score of 39/100, ranking #608 among 996 U.S. counties. With a median household income of $113,179, it faces some economic headwinds compared to faster-growing counties.
The median home value in Alexandria city is $655,700 with median rent at $1,983/month. The income-to-home-value ratio is 0.1726, which is less affordable than the national average.
Population growth: -0.4% year-over-year. Job growth: 0.0%. Home values changed +1.0% in the past 12 months.
Yes — 5.3% of Alexandria city's population moved from another state, which is above the national average and indicates strong in-migration.