Summary answer: On a $100,000 household income, standard lending guidelines put your realistic purchase price around $300,000–$350,000 — which fits comfortably into Alexandria's condo and lower-priced neighborhood inventory (West End, Landmark, parts of Del Ray) but falls short of the city's overall median, which is running roughly $650,000–$730,000 depending on the source and time window. Alexandria's genuine price range by neighborhood is wide enough that $100K income buyers have real, specific options here — just not everywhere in the city.
I'm Johnny with JQ Real Estate. Let me show you exactly where this budget actually fits in Alexandria.
The math, and where it points in Alexandria specifically
| Step | Estimate |
|---|---|
| Gross monthly income ($100K/yr) | $8,333 |
| Target housing payment (28% front-end ratio) | ~$2,333/mo |
| Realistic purchase price (10% down, current rates ~6.65%) | ~$300,000–$330,000 |
| Realistic purchase price (VA loan, 0% down, no PMI) | ~$340,000–$400,000 |
Where that budget actually points you in Alexandria
Alexandria's price range by neighborhood is unusually wide for a city this size — Landmark/Cameron Station has condos under $450,000, the West End runs roughly $500,000–$700,000, while Old Town commands $900,000 to well over $1.5 million and Del Ray/Rosemont typically runs $750,000–$1 million. A $100K income lands you squarely in Landmark/Cameron Station territory, with the West End realistic if you can stretch toward the higher end of the math above or bring a larger down payment.
What changes your number
- Loan type — a VA loan removes the down payment and PMI requirement, meaningfully expanding your range
- Down payment size — every additional 5% down increases purchasing power
- Property type — condos in Alexandria's more affordable pockets get you into the market at this income level; single-family homes generally don't
- Second income — if this is a household decision, the math roughly doubles with a second qualifying income
Why Alexandria's wide price range works in your favor
Unlike a market where affordability options are scarce across the board, Alexandria genuinely has a lower-priced tier that isn't a compromise on being "in Alexandria" — Landmark and Cameron Station are established, walkable neighborhoods with real amenities, not a fallback option. This is worth knowing before assuming a $100K income rules out the city entirely.
Get your actual number
These are general guidelines — your real qualifying amount depends on your specific credit, debt, and down payment. I can connect you with a lender for a real pre-approval and help you figure out which Alexandria neighborhoods actually fit your budget. Reach out and let's map it out.