CALCMONEY // MORTGAGE // VA // ALEXANDRIA
Calculate your monthly mortgage payment using Alexandria-specific property tax rates and local market data.
$980,000
6.9%
1%
172
| Principal & Interest | $5,163 |
| Property Tax | $817 |
| Homeowners Insurance (est.) | $327 |
| Total Monthly Payment (PITI) | $6,307 |
$196,000
$1,074,833
$270,290/yr
Alexandria homebuyers are working with a $980,000 median price point, 133% above the national figure. Against the $178,000 median household income in the area, that's a 5.5x multiple.
Factor in $817/month for property tax in Alexandria, based on the area's 1% effective rate applied to the median home price. That's $9,800 annually.
Between the $6,307/month mortgage payment and Virginia's state income tax, your real housing cost calculation needs your after-tax number, not your gross salary.
Beyond housing, Alexandria's cost of living index sits at 172 (national average = 100), running above the national baseline for groceries, transportation, and everyday services.
Alexandria's median home price runs 180% higher than nearby Richmond: $350,000 there versus $980,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $784,000 loan saves $35,280 in interest over 30 years.
Compare Top Alexandria Mortgage LendersRichmond
$350,000 median
VAVirginia Beach
$365,000 median
VANorfolk
$295,000 median
VAChesapeake
$375,000 median
Neighborhood-level data for 1 ZIP codes in Alexandria. Rates, home prices, and estimated payments vary by area.