Manassas Park, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Manassas Park, VA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Manassas Park Housing Market Information

With a population of 15,726, 4,723 total housing units (homes and apartments), and a median house value of $353,862, Manassas Park house prices are not only among the most expensive in Virginia, Manassas Park real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Manassas Park, accounting for 58.77% of the city's housing units. Other types of housing that are prevalent in Manassas Park include row houses and other attached homes ( 20.53%), large apartment complexes or high rise apartments ( 19.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manassas Park. Owner-occupied housing accounts for 68.73% of Manassas Park's homes, and 64.23% have either three or four bedrooms, which is average sized relative to America.

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 ( 31.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 28.23%).

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 22.49% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Manassas Park home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Over the last year, Manassas Park appreciation rates have trailed the rest of the nation. In the last twelve months, Manassas Park's appreciation rate has been 2.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Manassas Park were at -0.17%, which equates to an annual appreciation rate of -0.70%.

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:
$353,862

Manassas Park, VA HOME PRICES

Value Range
> $1,161,000 0.0
$871,001 - $1,161,000 0.0
$581,001 - $871,000 0.7
$464,001 - $581,000 10.8
$348,001 - $464,000 23.2
$232,001 - $348,000 33.9
$116,001 - $232,000 23.8
$58,001 - $116,000 4.5
$0 - $58,000 3.1

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
11.9125747099496 14.1274238227147

Number Of Homes And Apartments:
4,723

Manassas Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
81.92% 3.53% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,820 / per month

Homeownership Rate

Homeownership
Owners 68.73
Renters 31.27
Vacant 3.51

Housing Market Details

 

Age of Homes

AGE OF Manassas Park HOMES
2000 or Newer 28.2
1970 - 1999 40.2
1940 - 1969 31.4
1939 or Older 0.2

Types of Homes

TYPE OF Manassas Park HOMES
Single-Family 58.8
Townhomes 20.5
Small Apt. Buildings 1.1
Apt. Complexes 19.5
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Manassas Park HOMES
No Bedroom 0.67
1 Bedroom 7.17
2 Bedrooms 18.10
3 Bedrooms 38.61
4 Bedrooms 25.62
5 or more bedrooms 9.83

Popular Neighborhoods in Manassas Park

Zip Codes in Manassas Park, VA