Alexandria, Louisiana Housing Market

What stands out in Alexandria?

• The median household earns $51,590 a year: among the lowest incomes of 765 tracked cities. Rents are capped by what local households earn.
• The median asking price is $196,738: one of the cheapest of 765 tracked cities. Low entry prices help cash flow, but check what keeps them low before you buy.
• 17.5% of homes are vacant: among the highest vacancy of 765 tracked cities. Tenants have choices. Budget extra vacancy.

What does a shrinking population mean for Alexandria landlords?

The population in Alexandria's ZIP codes fell 3.3% over five years. 17.5% of homes are vacant, higher than 93% of tracked cities. Households fell 2.6% while the housing stock changed -3.2%. Fewer households means a thinner tenant pool. Budget extra vacancy and buy where renters already concentrate.

What is the fair market rent in Alexandria?

HUD sets one fair market rent for Rapides Parish. For fiscal year 2026:

• 1 bedroom: $780 a month. Up 2% on last year, up 34% since FY2016.
• 2 bedrooms: $994 a month. Down 1% on last year, up 37% since FY2016.
• 3 bedrooms: $1,342 a month. Down 1% on last year, up 37% since FY2016.
• 4 bedrooms: $1,523 a month. Up 1% on last year, up 33% since FY2016.

The figures include tenant-paid utilities and apply to all of Rapides Parish, so one home's rent can sit well above or below them. See fair market rent by city.

Who will rent from you in Alexandria?

In Alexandria, 46 out of every 100 households rent. That is nearly half. The renter share is shrinking. Five years ago it was 48 in 100. Alexandria lost about 700 renter households in five years. Renter households average 2.4 people. Two and three bedrooms fit the typical renter.

The median Alexandria household earns $51,590 a year. Incomes here have grown 3.8% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 3.8 times the median income. Locals can afford to buy here. Your exit buyer can be a local family. At 30% of income, a tenant on the median income can pay about $1,290 a month.

To see what one Alexandria address would rent for and cash flow, run it through the app.

How much can you negotiate in Alexandria?

For every 100 homes still for sale, 41 are under contract. In 2017–2019 at this time of year it was 28. The rest are still waiting for a buyer. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing.

The typical Alexandria listing has been on the market 79 days. There are 162 homes for sale in Alexandria. That is 2.3 times the tightest month on record, but below the peak of 248. Supply is shrinking against last year.

What to do about it

• Judge each listing on its own.
• Homes listed 90+ days ago with a price cut are where your discount is.
• Fresh, well-priced homes will not move on price. Do not waste offers on them.

How does Alexandria compare with other Louisiana markets?

Ranked among the 8 Louisiana markets we track:

• Asking price: 2nd cheapest of 8. Alexandria is at $196,738. Closest: Shreveport and Lafayette.
• Buyer competition: the most competitive of 4. Alexandria is at 0.41 buyers per home. Closest: Lafayette.
• Time on market: 4th shortest time on market of 8. Alexandria is at a median of 79 days on market. Closest: Lafayette and Baton Rouge.
• Price cuts: 4th most price cuts of 8. Alexandria is at 18% of sellers cutting. Closest: Lafayette and New Orleans.

What numbers should you underwrite an Alexandria deal with?

• Price growth to assume — +2.5%/yr. Alexandria has grown about 2.6% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices rose 1.1% over the last year. Use it for timing. The five-year rate is the better guide.
• Months of carrying cost — 3. Budget at least 79 days of holding costs, the current median listing age, when you exit or refinance.
• Odds you cut your price to sell — 1 in 6. 18% of Alexandria listings have cut their asking price. Underwrite your exit below asking.
• Competition when you exit — -4%. Homes for sale in Alexandria are down 4% on last year, so your resale faces less competition than today's comps did.

Read when a cheap market is a warning and how we read these numbers, then run the numbers on a deal.

What is the median home price in Alexandria?

The median asking price in Alexandria is about $197,000 as of Sep 2026, down 1.4% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Alexandria figures cover the 6 ZIP codes with an Alexandria mailing address, which can reach past city limits.

Is Alexandria a buyer's or seller's market in 2026?

Neither side has the upper hand in Alexandria right now. We compare Alexandria with 2017–2019 at this time of year: there are 41 pending sales per 100 listings, against 28 then; there are 26% fewer homes for sale; 18% of sellers have cut their price, against 15% then.

Are Alexandria home prices going up or down?

The median asking price is 20.7% below its Nov 2025 peak. Per square foot the gap is smaller: 7.4% below the Nov 2025 high. Part of the drop is smaller homes coming to market. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.

What is the best month to buy a house in Alexandria?

Across 9 full years, Alexandria asking prices ran lowest in August, about 2.6% below the year's average. They peaked in November. The most homes for sale show up in July, about 6% above the yearly average.

What is the fair market rent in Alexandria?

HUD's fiscal year 2026 fair market rent for Rapides Parish is $994 a month for 2 bedrooms and $1,342 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.