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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 16,703 people, 5,221 houses or apartments, and a median cost of homes of $440,991, 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 42.96% of the city's housing units. Other types of housing that are prevalent in Manassas Park include row houses and other attached homes ( 28.78%), large apartment complexes or high rise apartments ( 21.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.32%).
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 63.42% owning and 36.58% renting.
Manassas Park homes and real estate are some of the newest in America. 44.17% of Manassas Park's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Manassas Park real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.79%), and between 1940-1969 ( 22.43%).
Manassas Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Manassas Park during the period has been just 5.73%, which is lower than 70% of US communities.
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 4.65%, 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 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Manassas Park one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Virginia, our data show that Manassas Park's latest annual appreciation rate is lower than 70% of the other cities and towns in Virginia.
$440,991
for Virginia
for nation
5,221
$2,847 / per month