Build where people want to live.
With steady growth, a thriving local economy, and unmatched natural amenities, Alexandria offers an ideal setting for housing projects of all sizes. Families, professionals, and retirees are choosing the Alexandria area for its schools, healthcare, and lakeside lifestyle—creating strong demand for new homes, multi-family developments, and workforce housing.
The AAEDC works directly with developers to identify opportunities, connect to local partners, and explore available sites and incentives.
Ready for your next project
Explore housing data, available land, infrastructure details, and community growth trends—all designed to help you evaluate opportunities and plan your next development with confidence.
Growth You Can Build On
Alexandria’s housing market continues to show steady growth and opportunity. With a 2023 median home value of $318,595, the area remains affordable compared to many metro markets while maintaining strong property values. More than 22,000 housing units serve the region, with new residential, commercial, and land development underway to meet ongoing demand.
Cost of Living That Works in Your Favor
Alexandria and the surrounding region offer a lower cost of living than many metro areas, allowing businesses and employees to stretch their budgets further. According to Minnesota’s Cost of Living tool, the estimates are based on basic needs like housing, food, health care, transportation, child care, and taxes — not extras like vacations or entertainment.
In fact, housing is the largest expense in many budgets, and recent data show housing costs rising statewide—an area where Greater Minnesota can often offer better value than metro areas.
In Alexandria specifically, independent calculators estimate the cost of living is about 10% below the national average and around 6% less than the Minnesota average.
Free resource
2025 Economic Development Profile
Get the latest information on population, economic indicators, workforce, cost of living, and more.
Interested in developing?
The Alexandria Area Economic Development Commission is here to support you and advocate for you every step of the way. We’d love to tell you more about the development opportunities around here.