Market Overview
Home Prices in Alexandria, MN
The median home value in Alexandria, MN is $299,940 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alexandria are priced27% below average. Alexandria is part of the Alexandria, MN metro area.
Over the past five years, Alexandria home values have risen by approximately32.3%, reflecting strong long-term appreciation in this market.
Price History
Alexandria Home Price Trend
City Comparison
Alexandria vs. National Median
At $299,940, homes in Alexandria cost 27% below the national median of $410,000. This makes Alexandria a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alexandria?
20% Down Payment
$59,988
on $299,940
Monthly P&I
$1,564/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,986/mo
incl. taxes & insurance
Income Needed
$79,440
gross annual (30% rule)
10% Down Option
$29,994
+ PMI applies
Loan Amount (20% dn)
$239,952
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alexandria, MN?
The median home value in Alexandria is $299,940 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Alexandria?
Over the past year, home values in Alexandria have increased by 4.6%. Over five years, prices have risen approximately 32.3%.
How much do I need to earn to buy a home in Alexandria?
To comfortably afford the median home price of $299,940 with a 20% down payment ($59,988) at today's rates (6.8%), you'd need a gross annual income of approximately $79,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Alexandria compare to the national average home price?
The national median home value is approximately $410,000. At $299,940, homes in Alexandria are 27% below the national average.
What metro area is Alexandria part of?
Alexandria is part of the Alexandria, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.