Manassas, Virginia Housing Market Prices
Manassas Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 45% above the Virginia median$370,835
-
Median rent 17% above the Virginia median$1,850
Housing Market Overview
| Metric | Manassas | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $370,835 | $256,082 | $248,835 |
| Price Trend (Annual %) | 14.3% | 3.5% | 7.5% |
| Median Gross Rent | $1,850 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Manassas is about 45% higher than in Virginia. Rent is about 17% higher than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Manassas, up about 14.3% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Manassas rose about 39.4% between 2015 and 2024, from $1,327 to $1,850. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Manassas.
Buying the median-priced home in Manassas costs roughly 16.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Manassas. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Manassas | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $370,835 | $256,082 | $248,835 |
| Median Household Income | $115,743 | $93,527 | $80,455 |
| Price-to-Income Ratio | 3.2 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Manassas rose about 159.1%, while median household income rose about 52.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Manassas | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.0% | 61.5% | 58.5% |
| Rental Rate | 27.9% | 29.8% | 31.2% |
| Vacancy Rate | 2.1% | 8.7% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Manassas has a homeownership rate of 70.0%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 2.1%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Manassas | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.02 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1986 | 1982 | 1978 |
| Median Number of Rooms | 6.3 | 6.0 | 5.5 |
The typical housing unit in Manassas was built around 1986. On average, 3.0 people live in a home with about 6.3 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Manassas, Virginia.
What is the median home price in Manassas, Virginia?
The median home price in Manassas, Virginia is $370,835, higher than the Virginia average of $256,082.
What is the average home price in Manassas, Virginia?
The typical home price in Manassas, Virginia, reported as the median sale price, is $370,835. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Manassas, Virginia?
The median gross rent in Manassas, Virginia is $1,850 per month, higher than the Virginia average of $1,579.
What was the median gross rent in Manassas in 2020?
In 2020, the median gross rent in Manassas, Virginia was $1,549 per month.
What is the price-to-rent ratio in Manassas, Virginia?
The price-to-rent ratio in Manassas, Virginia is about 16.7, meaning it would take roughly 16.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Manassas.
Are home prices or rent rising faster in Manassas, Virginia?
Both home prices and rent are rising in Manassas, up about 14.3% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Manassas, Virginia?
70.0% of households in Manassas, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Manassas, Virginia?
The housing vacancy rate in Manassas, Virginia is 2.1%, lower than the Virginia average of 8.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →