Alexandria’s median apartment rents declined just under 1% year over year in October and remain about 5% off the city’s all-time high, according to new data.
The city’s median apartment rental rates were $2,005 for one-bedroom units, $2,643 for two bedrooms and $2,189 overall, according to figures reported Oct. 28 by Apartment List.
The Alexandria City Council on Tuesday (Oct. 27) got a sneak peek at plans to replace three apartment buildings with a 91-unit affordable housing building in the city’s Arlandria neighborhood.
Last February, Community Lodgings, Inc. [CLI] asked the city for an extension on the construction timeline for its project at 3908, 3912 and 3916 Elbert Avenue. The special use permit to demolish three 1940s-era buildings with 28 apartments and replace them with a six-story, 91-unit building with 182 total bedrooms was previously approved by City Council in 2023, but it expired earlier this year.
Carr Properties has taken over the redevelopment plans for the Montgomery Center in Old Town North as construction plans move forward.
The developer announced it acquired 300 Montgomery Street from MC Property, LLC. According to Bisnow, Oliver Carr Jr.’s CarrAmerica sold the property to his son Oliver Carr III’s Carr Properties.
Alexandria is one of 15 cities across the country chosen to receive between $450,000 and $750,000 each in grant funding to increase its housing stock.
Today (Oct. 15), Bloomberg Philanthropies announced that Alexandria is among the first 15 cities to get the grant funding, and that 30 nationwide will be chosen to combat a national shortage of homes. Alexandria was awarded the funds, along with Albuquerque, N.M., Charleston, S.C., Chattanooga, Tenn., Cleveland, Columbia, S.C., Durham, N.C., Louisville, Ky., Miami, Nashville, Tenn., Omaha, Neb., Pittsburgh, Portland, Maine, Providence, R.I. and San Jose, Calif.
Affordability issues and higher interest rates led to a rough month in real estate across Alexandria in September.
Sales for the month totaled 143, down from 167 a year before and below the five-year average of 150 for the month, according to data reported Oct. 12 by MarketStats by ShowingTime.
Additional senior living units from a locally-based operator are coming to Alexandria’s West End.
Goodwin Living broke ground Wednesday (Oct. 7) on the $360 million Goodwin House Seminary Road at N. Beauregard Street and Seminary Road. Mayor Alyia Gaskins and City Council Members Sandy Marks and Abdel Elnoubi joined Goodwin Living and Clark Construction leaders for the groundbreaking.
The acting director of Alexandria’s Office of Housing has been chosen to fill the permanent role.
City Manager Jim Parajon appointed Aspasia Xypolia as director of the Office of Housing, the city announced today (Sept. 10). The city had conducted a national search to fill the role after former director Helen McIlvaine announced her retirement at the end of April.
Despite a year-over-year decline, median Alexandria apartment costs remain 15% above pre-pandemic rates and 26% higher than the mid-Covid low, according to new data.
August’s median city rental rates were $2,019 for one-bedroom units, $2,481 for two bedrooms and $2,205 overall, according to figures reported Aug. 26 by Apartment List.
Home sales and average sales prices across Alexandria showed year-over-year stability in July, according to new data, but the figures point to potential softening.
A total of 170 properties went to closing last month, down slightly from 174 in July 2025. That’s according to figures reported Aug. 11 by the region’s multiple-listing service Bright MLS, based on figures from MarketStats by ShowingTime.
Average Alexandria apartment sizes are holding steady while newly built rental units nationally are gaining in size, according to new data.
The typical unit in a multifamily apartment building citywide constructed between 2016 and 2025 totaled 856 square feet, essentially unchanged from the 859 square feet for units built between 2006 and 2015.
A solar panel installation program championed by Virginia’s governor is gaining traction in Alexandria and other areas of the state as homeowners look for ways to address rising electricity costs.
Switch Together, a bulk purchasing initiative to connect residents to solar installers, was recently expanded from Northern Virginia to other parts of the state. It was previously only open in Fairfax and Arlington counties, with Alexandria joining the roster last summer.
