Manassas, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Manassas Neighborhoods Since 2000




Manassas, 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 Housing Market Information

With a population of 41,764, 12,433 total housing units (homes and apartments), and a median house value of $309,179, Manassas 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, accounting for 42.66% of the city's housing units. Other types of housing that are prevalent in Manassas include row houses and other attached homes ( 28.55%), large apartment complexes or high rise apartments ( 23.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.73%).

The most prevalent building size and type in Manassas are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.16% owning and 35.84% renting.

There is a lot of housing in Manassas 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 built between 1940-1969 ( 16.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.64%). There's also some housing in Manassas built before 1939 ( 3.46%).

Manassas Home Appreciation Rates

Homes have actually lost value in Manassas over the last then years, as home values have seen a decline of 20.74% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Manassas home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

NeighborhoodScout's data show that during the latest twelve months, Manassas's appreciation rate, at 3.98%, has been at or slightly above the national average. In the latest quarter, Manassas's appreciation rate has been -0.17%, which annualizes to a rate of -0.70%.

Relative to Virginia, our data show that Manassas's latest annual appreciation rate is higher than 70% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Manassas differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Manassas - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Manassas real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$309,179

Manassas, VA HOME PRICES

Value Range
> $1,156,000 0.3
$867,001 - $1,156,000 0.5
$578,001 - $867,000 3.0
$462,001 - $578,000 9.6
$347,001 - $462,000 27.0
$231,001 - $347,000 31.8
$116,001 - $231,000 22.2
$58,001 - $116,000 3.4
$0 - $58,000 2.2

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
15.5220907066682 18.2825484764543

Number Of Homes And Apartments:
12,433

Manassas 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
69.56% 3.11% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,621 / per month

Homeownership Rate

Homeownership
Owners 64.16
Renters 35.84
Vacant 6.41

Housing Market Details

 

Age of Homes

AGE OF Manassas HOMES
2000 or Newer 10.6
1970 - 1999 69.4
1940 - 1969 16.5
1939 or Older 3.5

Types of Homes

TYPE OF Manassas HOMES
Single-Family 42.7
Townhomes 28.5
Small Apt. Buildings 3.7
Apt. Complexes 23.9
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Manassas HOMES
No Bedroom 0.96
1 Bedroom 8.85
2 Bedrooms 19.69
3 Bedrooms 38.86
4 Bedrooms 25.34
5 or more bedrooms 6.31