Manassas Park, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Manassas Park, VA Real Estate Data


Manassas Park Housing Market Information

With a population of 15,726, 4,526 total housing units (homes and apartments), and a median house value of $304,449, Manassas Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Manassas Park, accounting for 52.83% of the city's housing units. Other types of housing that are prevalent in Manassas Park include row houses and other attached homes ( 26.09%), large apartment complexes or high rise apartments ( 19.80%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.16%).

The most prevalent building size and type in Manassas Park are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.92% owning and 36.08% renting.

There is a lot of housing in Manassas Park built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Manassas Park built between 1940-1969 ( 31.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 28.17%).

Manassas Park Home Appreciation Rates

Homes have actually lost value in Manassas Park over the last then years, as home values have seen a decline of 24.13% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Manassas Park home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

NeighborhoodScout's data show that during the latest twelve months, Manassas Park's appreciation rate, at 4.54%, has been at or slightly above the national average. In the latest quarter, Manassas Park's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

Relative to Virginia, our data show that Manassas Park's latest annual appreciation rate is higher than 60% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$304,449

Manassas Park, VA HOME PRICES

Value Range
> $1,231,000 0.0
$923,001 - $1,231,000 0.0
$615,001 - $923,000 0.8
$493,001 - $615,000 9.3
$369,001 - $493,000 19.6
$246,001 - $369,000 31.2
$123,001 - $246,000 32.3
$62,001 - $123,000 4.0
$0 - $62,000 2.7

High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
16.4665924928266 20.2216066481994

Number Of Homes And Apartments:
4,526

Rent & Ownership

 

Average Market Rent:
$1,623 / per month

Homeownership Rate

Homeownership
Owners 63.92
Renters 36.08
Vacant 7.54

Housing Market Details

 

Age of Homes

AGE OF Manassas Park HOMES
2000 or Newer 28.2
1970 - 1999 39.9
1940 - 1969 31.7
1939 or Older 0.2

Types of Homes

TYPE OF Manassas Park HOMES
Single-Family 52.8
Townhomes 26.1
Small Apt. Buildings 1.2
Apt. Complexes 19.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Manassas Park HOMES
No Bedroom 0.00
1 Bedroom 7.13
2 Bedrooms 19.12
3 Bedrooms 41.29
4 Bedrooms 25.86
5 or more bedrooms 6.60

Manassas Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
82.61% 3.61% 9 9
* 10 is highest

Popular Neighborhoods in Manassas Park

Zip Codes in Manassas Park, VA