Real Estate Investing in Alexandria, Virginia (22304)
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Should you buy in 22304 (Alexandria, VA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
No major risk flags on the data we track.
What’s happening in Alexandria, VA (22304)?
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Market Analysis: 22304 Alexandria
ZIP 22304 in Alexandria, VA carries a substantial set of headwinds. Home values near $447K and rents of $2,019/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 22304 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Alexandria have seen price recovery that 22304 has not matched. Alexandria City data supports the view that the spread is structural rather than temporary.
The demographic picture in 22304 includes headwinds that any investor should price in. Income distribution skews lower than Alexandria averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 22304 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Alexandria:
Property Strategy for 22304
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $268,869 | $2,300 | 6.2% | +3.6% | $268,869 |
| 2BR | $371,101 | $2,560 | 5.0% | +3.3% | $185,551 |
| 3BR | $702,174 | $3,230 | 3.3% | +3.4% | $234,058 |
| 4BR | $931,044 | $3,800 | 2.9% | +3.9% | $232,761 |
| 5BR | $1,347,410 | — | — | +5.7% | $269,482 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 22304 Compare?
| Metric | 22304 | Alexandria | Virginia |
|---|---|---|---|
| Home Value | $447,395 | $745,774 | $403,170 |
| 5-Year CAGR | 1.9% | 2.7% | 6.4% |
| Avg Rent | $2,019 | $2,341 | - |
| Cap Rate | 3.5% | 2.5% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 22304 (Alexandria, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $447,395 |
| Monthly Rent | $2,019 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +3.4% ▲ |
🏠 Rent Trends
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 22304
Population: 48,577
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 22304
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Dr. Charles R. Drew Elementary
Abingdon Elementary
George Mason Elementary
William Ramsay Elementary
Early Childhood Center
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How does Alexandria, VA stack up for property investment?
Alexandria, VA rates 2.0/5 for investability. With median values at $447K and rents near $2,019/mo, the market offers reasonable fundamentals for rental investors.
How should investors approach Alexandria, VA?
The best-fit strategy in Alexandria, VA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical rental rate in Alexandria, VA?
Alexandria, VA rentals go for roughly $2,019/mo a month. That puts gross yield in solid territory relative to $447K acquisition costs.
How much does a house cost in Alexandria, VA?
Alexandria, VA home values average about $447K. That price point suits investors targeting rentals with $2,019/mo in monthly income.
What is the typical vacancy rate in Alexandria, VA?
Vacancy risk in Alexandria, VA is elevated. That supports predictable cash flow for typical rental holds.
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How 22304 ranks in Washington-Arlington-Alexandria, DC-VA-MD-WV
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