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Alexandria city, VA

ZIP 22304 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 22304

Median Home Value
$496,000
Median Rent
$1,854
Affordability Snapshot
$137,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,186/mo PITI).

23%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

22.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 22304 in Alexandria city, VA, a household would need roughly $137,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,186. That is about 40% above the local median household income ($97,629), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
41.1%-37% vs US avg
x
Vacancy Rate
5.2%-49% vs US avg
x
Broadband Access
93.6%+8% vs US avg
x
4+ Bedrooms
2.4%-84% vs US avg
x
Built Pre-1939
4.2%-67% vs US avg
x
Built Post-2014
0.9%-88% vs US avg
x
Rent Burden >30%
25.8%-48% vs US avg
x
Mortgage-Free
24.2%-37% vs US avg
x
$496,000
Home Value
$1,854
Rent
1977
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached9.7%
  • 1-unit attached17.3%
  • 2-9 units10.0%
  • 10+ units62.9%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$496,000
Median rent$1,854
Owner-occupied41.1%
Vacant5.2%
Price-to-income5.1x
Est. income to buy$137,000