GemHausNew report

Market Snapshot

Median listing price
$699K

The median listing price in Alexandria, VA ZIP 22309 is $699,000 as of July 2026.

Median rent
$2,550/mo

The median market rent in Alexandria, VA ZIP 22309 is $2,550/month as of July 2026.

Days on market
1 days

The median days on market in Alexandria, VA ZIP 22309 is 1 days as of July 2026. The market is currently hot.

Gross rental yield
4.38%

At a median list price of $699,000 and a median rent of $2,550/month, the gross rental yield in Alexandria, VA ZIP 22309 is 4.38% as of July 2026.

Alexandria, VA 22309 Real Estate Market Report

ZIP Code: 22309

Report Date: July 2026

Market Temperature:
HOT

Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
125
Active Listings
50
Sold Properties
75

Market Metrics

Median Listing Price
$699,000
Median Sold Price
$750,440
Median Price per Sqft
$388/sqft

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$2,550

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.


Property Taxes

Property Tax Rate
1.04%

Liquidity & Velocity

Median Days on Market
1
Sale-to-List Ratio
100.0%

Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Price YoY Trend
up
Market Temperature
hot
Rent YoY Trend
up
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Alexandria VA 22309 are approximately 6.7%, which is 0.7% higher than the 5.98% rates observed in February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. The market value is best represented by the median sold price of 750,440, which signals strong realized pricing even as the median listing price stands at 699,000; this spread may indicate sellers achieving higher-than-asked outcomes and strong transaction pricing.
  2. Market velocity is exceptionally brisk: the median days on market is 1, which suggests very rapid turnover and hot selling conditions that support quick contract execution.
  3. Market-level indicators show the price year-over-year trend is up and the market temperature is hot, pointing to ongoing demand and upward pressure on values despite broader headwinds; maintain cautious pricing discipline when listing given this upward trend.
  4. Interest rate pressure is reported as elevated with current 30-year fixed mortgage rates in the area at 6.7%, versus 5.98% in February 2026, a dynamic that may temper some buyer purchasing power and create selective demand — treat financing sensitivity as a potential constraint and elevated interest rate pressure.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

3175 Woodland Ln, Alexandria, VA 22309
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

5 beds2 baths1,836 sqft
$2,300,000
Jun 1, 2026
$1,253/sqft
1 days on market
5125 Remington Dr, Alexandria, VA 22309
Value

Sold below market average

5 beds6 baths5,969 sqft
$1,765,000
Jun 1, 2026
$296/sqft
1185 days on market
8734 Lukens Ln, Alexandria, VA 22309
Market Benchmark

Quick sale indicating strong buyer demand and competitive market conditions.

4 beds4 baths3,520 sqft
$1,352,000
Jul 1, 2026
$384/sqft
1 days on market
8227 Frye Rd, Alexandria, VA 22309
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

4 beds3 baths2,500 sqft
$765,000
Apr 1, 2026
$306/sqft
1 days on market
4505 Mount Vernon Memorial Hwy, Alexandria, VA 22309
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds2 baths1,242 sqft
$764,399
May 1, 2026
$615/sqft
4811 Welford St, Alexandria, VA 22309
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

4 beds3 baths1,356 sqft
$761,000
Apr 1, 2026
$561/sqft
3447 Little Hunting Creek Dr, Alexandria, VA 22309
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

5 beds3 baths1,967 sqft
$725,000
Jun 1, 2026
$369/sqft
1 days on market
8008 Martha Washington St, Alexandria, VA 22309
Value

Sold below market average

3 beds1 baths936 sqft
$290,000
May 1, 2026
$310/sqft

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$2,162/mo
22309 Avg Rent
22309 Cost to Own
Rent$2,550
Own$4,712

20% down, 6.62% rate, 1.0% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

22309 Avg nightly rate
22309 Avg occupancy (days/year)
Nightly rate$215/night
Occupancy303 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 7/21/2026

GemHaus

Get personalized market intelligence

View property-level details in Alexandria, VA get valuations, rent estimates, operating costs, and pro-forma insights.

Nearby Market Reports