Alexandria, MN home prices
Typical home $347,714 · +3.3% in a year · income needed $98,000
The Alexandria, MN metro area ranks 232 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.3% in a year and +25.2% over five years. With 20% down at 7.11%, the typical home costs about $2,286 a month including 0.83% property tax (Douglas County rate).
Mortgage on the typical Alexandria home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $69,543 | $278,171 | $1,871 | $0 | $415 | $2,286 | $98,000 |
| 10% down | $34,771 | $312,943 | $2,105 | $130 | $415 | $2,651 | $113,600 |
| 5% down | $17,386 | $330,329 | $2,222 | $138 | $415 | $2,775 | $118,900 |
| 3.5% down (FHA) | $12,170 | $341,416 | $2,297 | $154 | $415 | $2,865 | $122,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.83% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Alexandria area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Douglas County, MN | $347,708 | +3.3% | 0.83% |
What can you afford in Minnesota on your salary? · Minnesota home prices · Salaries in Minnesota
Frequently asked questions
How much is a house in Alexandria?
The typical home in the Alexandria, MN metro area is worth $347,714 (Zillow, September 2026).
What salary do you need to buy a house in Alexandria?
About $98,000 a year for the typical home with 20% down at 7.11%.