Which Alexandria Neighborhoods Have Highest Property Value Increases

ALEXANDRIA, VA — Residential property values continue to trend up in the City of Alexandria, but changes varied by neighborhood.

Property assessment data is being presented to Alexandria City Council ahead of the annual budget process. The presentation was originally scheduled for Feb. 11 but was rescheduled to Feb. 18 due to the winter storm.

Assessment data plays a part in the budget process, as property taxes make up a large share of the city's revenue. For property owners, their assessed property value and the tax rate set by City Council during the budget process factor into their annual property tax bills.

This was the first year the average single-family home assessment reached the million-dollar level. Across the city, the average single-family home value is $1,001,336, up 4.06 percent from $962,276 in 2024. Condominium values average $447,612, up 5.63 percent from $423,765 in 2024.

Overall, the residential tax base increased by 4.55 percent, or $1.4 billion. Most neighborhoods saw an average increase in property values, except the King Street Metro and Eisenhower Avenue Metro area, with a 0.1 percent single-family home increase and 0 percent condominium increase.

The highest single-family percentage increases by neighborhood are:

• Taylor Run/Duke Street: 6.32 percent increase
• Braddock Road Metro: 5.82 percent
• Seminary Hill/Strawberry Hill: 5.3 percent
• North Ridge/Rosemont: 4.94 percent
• Old Town North: 4.78 percent
• Potomac Yard/Potomac Greens: 4.31 percent
• Fairlington/Bradlee: 4.1 percent
• Southeast Quadrant: 3.97 percent
• Northeast: 3.46 percent
• Landmark/Van Dorn: 3.41 percent
• Old Town: 2.94 percent
• Alexandria West: 1.84 percent
• Eisenhower East: 1.64 percent
• Potomac West: 0.98 percent
• King Street Metro/Eisenhower Avenue Metro: 0.1 percent

Percentage increases of condominium values were higher than single-family home increases in some neighborhoods. North Ridge/Rosemont had the highest average increase — 9.82 percent — while the King Street Metro and Eisenhower Avenue Metro area a 0 percent average increase.

Increases to residential condominium values by neighborhood are:

• North Ridge/Rosemont: 9.82 percent
• Landmark/Van Dorn: 7.18 percent
• Northeast: 6.04 percent
• Eisenhower Avenue: 5.99 percent
• Old Town: 5.57 percent
• Fairlington/Bradlee: 5 percent
• Alexandria West: 4.96 percent
• Old Town North: 4.58 percent
• Seminary Hill/Strawberry Hill: 4.57 percent
• Taylor Run/Duke Street: 4.12 percent
• Southwest Quadrant: 3.69 percent
• Potomac Yard/Potomac Greens: 3.67 percent
• Braddock Road Metro: 2.3 percent
• Potomac West: 0.4 percent
• King Street Metro/Eisenhower Metro: 0 percent

Once property owners receive their assessments, they can dispute it by requesting a review from the Office of Real Estate Assessments by March 17 or file an appeal with the Board of Equalization by June 2. Elderly and disabled tax relief applications are due by April 15.

The city's budget process will begin with the city manager's budget proposal at 7 p.m. on Feb. 25 in the Council Chambers at City Hall. A public presentation of the budget will follow at 7 p.m. on Feb. 27, with the chance for residents to get an overview and ask questions. Budget adoption on April 30 would follow a series of budget work sessions and public hearings.