Alexandria · Madison County

Homes in Alexandria, Indiana

Alexandria is a small Madison County city offering some of Central Indiana's most affordable home ownership — a historic community with a traditional main street, strong local identity, and home prices that make it a compelling option for value buyers.

CountyMadison
Zip Codes46001
Median Home Price$135K
School DistrictAlexandria Monroe Township Schools

Alexandria is a small Madison County city — a community that has maintained its small-town character and offers some of Central Indiana's most accessible home ownership for buyers who prioritize community roots and housing value over proximity to Indianapolis.

Alexandria Monroe Township Schools serves the community with a smaller district that maintains a local, community-oriented identity.

The commute is a factor — I-69 and SR-9 put downtown Indianapolis about 45 minutes south, and Anderson (the county seat) is about 15 minutes west. For buyers who work locally, from home, or on the north side of the metro, Alexandria's location works.

At a glance

County
Madison County
Zip Code
46001
School District
Alexandria Monroe Township Schools
SR-9 Access
~45 min to downtown Indianapolis
5K+
Alexandria residents
Madison County small town
45 min
To downtown Indy
Via I-69 / SR-9
$135K
Median home
Most affordable in the metro
Live listings

Homes for Sale in Alexandria, Indiana

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Local favorites

Three Alexandria spots worth the trip

Top Restaurant in Alexandria

A local favorite that residents recommend — ask your agent for the current pick.

★★★★★5.0 View on Google Maps

Community Park

The neighborhood park that defines community life in Alexandria.

★★★★★5.0 View on Google Maps

Local Coffee Shop

A community gathering spot for morning routines and remote work.

★★★★★4.0 View on Google Maps

Life in Alexandria

Alexandria is for buyers who genuinely want small-town Indiana life at small-town prices. The community has a traditional main street, strong local identity, and the kind of neighbor-knows-neighbor culture that's rare in the suburbs.

The home values are the headline: $135K median means real buying power. Buyers can find well-maintained homes with genuine character in the $100K–$200K range — the kind of ownership difficult to achieve closer to Indianapolis.

The trade-off is distance and limited local amenities. Alexandria is not a community for buyers who want restaurant variety, major retail, or short commutes to Indianapolis's employment centers. But for remote workers, retirees, or buyers who prioritize community character, it's a compelling option.

Frequently asked

About living in Alexandria

01 Where is Alexandria, Indiana? +

Alexandria is in Madison County, about 40 miles northeast of Indianapolis via I-69 and SR-9.

02 How affordable is Alexandria? +

Alexandria is one of the most affordable communities in the Indianapolis metro — $135K median means real buying power for quality homeownership.

03 What is Alexandria like? +

Alexandria is a traditional small Indiana city with a historic main street, active civic organizations, and a community identity centered around local schools and community events.

04 What's the commute from Alexandria? +

Downtown Indianapolis is about 45 minutes via I-69/SR-9. Anderson is about 15 minutes west.

05 Is Alexandria growing? +

Alexandria is a stable small community rather than a growth market. Values have been steady — not appreciating rapidly, but not declining either.