Real Estate Investing in Alexandria, Virginia (22315)
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Should you buy in 22315 (Alexandria, VA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Alexandria, VA (22315)?
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Market Analysis: 22315 Alexandria
This part of Fairfax County is not an easy win. The 22315 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $671K asset, 22315 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Alexandria have seen price recovery that 22315 has not matched. Fairfax County data supports the view that the spread is structural rather than temporary.
Stepping back, 28,725 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 22315 is an operator game, not a passive one. Meanwhile, entry prices of $671K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Alexandria:
Property Strategy for 22315
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $314,278 | $2,440 | 5.6% | +3.0% | $314,278 |
| 2BR | $460,161 | $2,720 | 4.3% | +4.2% | $230,081 |
| 3BR | $663,174 | $3,430 | 3.7% | +4.7% | $221,058 |
| 4BR | $788,766 | $4,040 | 3.7% | +4.0% | $197,191 |
| 5BR | $975,735 | — | — | +5.0% | $195,147 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 22315 Compare?
| Metric | 22315 | Alexandria | Virginia |
|---|---|---|---|
| Home Value | $670,840 | $745,774 | $403,170 |
| 5-Year CAGR | 3.2% | 2.7% | 6.4% |
| Avg Rent | $2,973 | $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 22315 (Alexandria, VA). Anonymous, moderated, never written by AI.
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Property managers serving Fairfax County
Manage rentals here? List your business →CAMP provides HOA community management services for condos and co-ops in VA, MD, and DC. summary from their website
Chambers Theory provides residential and commercial property management services in Northern Virginia, DC, and MD, with customized plans and guarantees. summary from their website
HomeRiver Group offers property management, brokerage, rehab and construction, leasing, renewals, and maintenance services for single-family and multi-family homes. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $670,840 |
| Monthly Rent | $2,973 |
| Price-to-Rent | 18.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 Rent Trends
| 1-Year | -2.6% ▼ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +4.3% ▲ |
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 22315
Population: 28,725
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 22315
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Forestdale Elementary
Key Middle
Virginia Hills Early Childhood Resource Center
Whitman Middle
Bush Hill Elementary
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
Investor Insight: With 4,950 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Alexandria, VA?
Our data puts Alexandria, VA at 3.0/5 for investability. Home prices of $671K and rents around $2,973/mo create a solid backdrop for investor activity.
What kind of tenants rent in Alexandria, VA?
The tenant pool in Alexandria, VA is solid, supported by local employment and population fundamentals. Rents of $2,973/mo are well-absorbed by the market.
Where do rents currently stand in Alexandria, VA?
Alexandria, VA rentals go for roughly $2,973/mo a month. That puts gross yield in solid territory relative to $671K acquisition costs.
What is the median home value in Alexandria, VA?
The median home value in Alexandria, VA is roughly $671K. That puts it reasonable relative to the VA statewide average.
Do landlords face vacancy issues in Alexandria, VA?
Alexandria, VA sees elevated vacancy, which is reasonable relative to the broader VA rental market.
You know 22315 now. You don’t know where it ranks.
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How 22315 ranks in Washington-Arlington-Alexandria, DC-VA-MD-WV
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