In Alexandria, a typical home is worth $97,800 and typical rent is $801 a month. Compared with all of Madison County, the typical home value is 39% lower, typical rent is 15% lower, and the share of households that own their home is 10 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $137,000 to $184,529.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Alexandria is in Madison County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Madison County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Alexandria is worth $97,800,39% less than in Madison County as a whole ($161,300).
2
60% of households in Alexandria own their home, against 70% in Madison County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Alexandria
What homes there are in Alexandria, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Alexandria
Madison County
Indiana
United States
Kind of home: Alexandria and its comparisons
Measure
Alexandria
Madison County
Indiana
United States
Detached house
58%
78%
73%
61%
Attached house
Unreliable estimate
4%
4%
6%
Building of 2 to 4
21%
7%
6%
8%
Apartments (5 or more)
Unreliable estimate
7%
13%
19%
Mobile home
Unreliable estimate
5%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Alexandria, but it weighs less than in Madison County: 58% against 78%.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Alexandria
Madison County
Indiana
United States
Year built: Alexandria and its comparisons
Measure
Alexandria
Madison County
Indiana
United States
Before 1960
47%
42%
31%
26%
1960–1979
27%
28%
24%
24%
1980–1999
Unreliable estimate
17%
23%
25%
2000–2009
Unreliable estimate
8%
12%
14%
2010 or later
Unreliable estimate
5%
10%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K55%
$100K–$200K34%
$200K–$300KUnreliable
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Alexandria and its comparisons
Measure
Alexandria
Under $100K
55%
$100K–$200K
34%
$200K–$300K
Unreliable estimate
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable
$750K–$1M
Unreliable
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99969%
$1,000–$1,49927%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Alexandria and its comparisons
Measure
Alexandria
Under $500
Unreliable estimate
$500–$999
69%
$1,000–$1,499
27%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,095 a month
Madison County: $1,214 a month
Without a mortgage
$466 a month
Madison County: $460 a month
Owners with a mortgage
66%
Madison County: 62%
Owning costs less in Alexandria: with a mortgage, the typical cost is $1,095 a month; in Madison County, $1,214. Without one, $466.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Alexandria+35%
Madison County+66%
Indiana+54%
United States+53%
Typical rent
AlexandriaNo clear change
Madison County+21%
Indiana+29%
United States+33%
Typical household income
AlexandriaNo clear change
Madison County+27%
Indiana+28%
United States+29%
Change since 2015–2019: Alexandria and its comparisons
Measure
Alexandria
Madison County
Indiana
United States
Typical home value
+35%
+66%
+54%
+53%
Typical rent
No clear change
+21%
+29%
+33%
Typical household income
No clear change
+27%
+28%
+29%
From 2015–2019 to 2020–2024, the typical home value in Alexandria rose 35%; in Madison County, it rose 66%.
Rent in Alexandria moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Alexandria and its comparisons
Measure
Alexandria
Madison County
Indiana
United States
Rental vacancy
Unreliable estimate
5.7%
5.6%
5.5%
Homeowner vacancy
Unreliable estimate
0.8%
0.8%
0.9%
More than one person per room
Unreliable estimate
1.2%
1.8%
3.4%
People per household
2.32
2.37
2.46
2.53
Drive alone
88%
77%
76%
69%
Carpool
Unreliable estimate
10%
9%
9%
Public transit
Unreliable estimate
0%
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
Unreliable estimate
10%
11%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Much as in Madison County, a household in Alexandria has 2.32 people on average.
In Alexandria, 88% of workers drive alone to work; in Madison County, 77%.
Do the math
What would you pay each month for a home in Alexandria?
A typical home is within reach of the typical income
We start with a typical home in Alexandria, worth $97,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 15% of the typical household income in Alexandria, which is $64,317 a year.
The calculator's FHA and conventional loan limits are those of all of Madison County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Alexandria. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $3,423 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$827
at 7.18% · 30 years
Loan amount
$96,029
Total interest
$138,163
Paid off in
November 2056
Includes $1,652 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,501 a month
Your payment · 15%
Tight
$1,501 to $1,930 a month
Hard
more than $1,930 a month
Compared with the typical household income in Alexandria ($64,317 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$651
Property tax
$93
Home insurance
$41
FHA mortgage insurance (MIP)
$43
You need at least $3,423 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $827; principal and interest $651.
The city and its county
Alexandria and Madison County
Alexandria is in Madison County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Alexandria
Map of Madison County, Indiana, with Alexandria marked. Around it, the neighboring counties.
Alexandria
Madison County
Other cities with a page
Alexandria's own numbers
Typical home value
$97,800
Typical monthly rent
$801
Typical yearly household income
$64,317
Households that own their home
60%
Effective property tax rate
1.14%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Madison County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,331
Price change over 5 years (FHFA)
+57%
Homes in a high flood-risk zone
2.3%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Madison County.
A typical home in Alexandria is worth $97,800: 39% below the county and 55% below Indiana. With the typical household income in Alexandria ($64,317 a year), a typical home costs 1.5 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Alexandria1.5 years
Madison2.6 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Madison County
According to FHFA’s house price index, home prices in Madison County rose 107% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Madison County.
Yearly change in FHFA’s price index in Madison County, 2016 to 2025
2016: +1.7% +1.7% 2016
2017: +7.4% +7.4% 2017
2018: +6.5% +6.5% 2018
2019: +8.1% +8.1% 2019
2020: +4.9% +4.9% 2020
2021: +13.5% +13.5% 2021
2022: +16.4% +16.4% 2022
2023: +9.0% +9.0% 2023
2024: +5.2% +5.2% 2024
2025: +3.4% +3.4% 2025
Change in FHFA’s price index in Madison County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+3.4%
+4.3%
+2.9%
5 years (2020–2025)
+57%
+53%
+47%
10 years (2015–2025)
+107%
+95%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Alexandria next to Madison County, Indiana and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Alexandria$97,800
Madison$161,300
Indiana$218,200
United States$332,700
Typical monthly rent
Alexandria$801
Madison$939
Indiana$1,062
United States$1,413
Typical yearly household income
Alexandria$64,317
Madison$63,037
Indiana$71,957
United States$80,734
See the full table
Alexandria next to Madison County and Indiana
Measure
Alexandria
Madison County
Indiana
U.S.
Typical home value
$97,800 ▼39% below the county
$161,300
$218,200
$332,700
Typical monthly rent
$801 ▼15% below the county
$939
$1,062
$1,413
Typical yearly household income
$64,317 ▲2% above the county
$63,037
$71,957
$80,734
Households that own their home
60% ▼10 points below the county
70%
71%
65%
Typical yearly property tax
$1,111 ▼7% below the county
$1,192
$1,614
$3,119
Effective property tax rate
1.14% ▲0.4 points above the county
0.74%
0.74%
0.94%
Renters with high rent for their income
51% ▲2 points above the county
49%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Madison County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Alexandria
For a typical $97,800 home in Alexandria, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Alexandria's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$827a month
Least cash to close
Down payment
$3,423
Cash to close
$6,357
Rate
7.18%
Mortgage insurance
FHA MIP · $43
Conventional, 5% down$810a month
Down payment
$4,890
Cash to close
$7,824
Rate
7.18%
Mortgage insurance
PMI · $46
Conventional, 20% down, no PMI$664a month
Down payment
$19,560
Cash to close
$22,494
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$754a month
Down payment
$14,670
Cash to close
$17,604
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Alexandria
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$827
$3,423
$96,029
7.18%
FHA MIP · $43
$6,357
580
Conventional, 5% down
$810
$4,890
$92,910
7.18%
PMI · $46
$7,824
620*
Conventional, 20% down, no PMI
$664
$19,560
$78,240
7.18%
None
$22,494
620*
ITIN, 15% down (example)
$754
$14,670
$83,130
8.18%
None
$17,604
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Alexandria is $801 a month: 15% below the county. In Alexandria, 51% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Madison County, by unit size. To pay the 2-bedroom one ($1,331 a month) without spending more than 30% of your income, you would need to earn $25.60 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Madison County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,011
$19.44
$40,440
1 bedroom
$1,017
$19.56
$40,680
2 bedrooms
$1,331
$25.60
$53,240
3 bedrooms
$1,743
$33.52
$69,720
4 bedrooms
$1,749
$33.63
$69,960
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Alexandria
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Alexandria is in ZIP code 46001.
For 2 bedrooms it is $1,170: $161 less than the fair market rent for Madison County ($1,331).
Fair market rent by ZIP code and size in Alexandria, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
46001
$890
$890
$1,170
$1,530
$1,540
ZIP code2 bd3 bd
46001 $1,170$1,530
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Alexandria when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 4 buildings with rents for lower incomes in Alexandria. These are the largest.
Alexandria Manor Apts600 E Jackson St, Alexandria 4600149 low-income homes · 2 bd: 21 · 3 bd: 28 · In service since 2005 · For families(765) 724-2322
Timberlake Estates Senior Apts2200 Hummingbird Ln, Alexandria 4600136 low-income homes · Studio: 1 · 1 bd: 3 · 2 bd: 32 · In service since 2005 · For older adults, people with disabilities
Lincolnwood Estates306 Lincoln Wood Dr, Alexandria 4600132 low-income homes · 1 bd: 28 · 2 bd: 4 · In service since 2009 · For people with disabilities, families, people experiencing homelessness
The Mercantile302 N Harrison St, Alexandria 4600126 low-income homes · 1 bd: 16 · 2 bd: 10 · In service since 2017 · For families
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in Madison County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Alexandria or Madison County. The ones below are statewide in Indiana: they work in Alexandria the same as in the rest of the state.
Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage.Offered by Indiana Housing and Community Development Authority (IHCDA).
Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends.Offered by Indiana Housing and Community Development Authority (IHCDA).
No legal help resource on our list is for Alexandria or Madison County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Alexandria and all of Madison County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Alexandria?
The typical home value in Alexandria is $97,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Madison County it is $161,300.
How much does it cost to rent in Alexandria?
Typical rent in Alexandria is $801 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Madison County is $1,331.
What is the FHA loan limit in Alexandria?
Alexandria uses the FHA limit for all of Madison County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Alexandria?
The typical homeowner in Alexandria pays $1,111 a year, according to the U.S. Census Bureau. That is 1.14% of the home’s value; in Madison County, the rate is 0.74%.
Where can I find free help to buy or rent in Alexandria?
There is 1 HUD-approved counseling agency with an office in Madison County. They can help you get ready to buy, with your credit, or with rent.
