Manassas city, Virginia Housing Market
In Manassas city, Virginia, the median home value is $449,900, with a median monthly rent of $1,850. This places Manassas city at #193 nationally out of 3134 counties by median home value, and #16 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,683
- Establishments: 1,522
- BLS QCEW, 2025
Housing Supply
- Single-family: 115
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 18,585 (avg $72,790)
- Outflow: 17,811 (avg $73,434)
- IRS Statistics of Income
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| Metric | Manassas city | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $449,900 | $295,807 | $227,706 |
| Median Gross Rent | $1,850 | $1,169 | $968 |
| Owner Occupancy Rate | 71.5% | 70.8% | 73.3% |
| Price/Rent Ratio | 20.3 | 20.3 | 18.7 |
Market Analysis
The median home value in Manassas city is 52.1% above the Virginia state average and 97.6% above the U.S. national average. The median rent of $1,850/month is 58.3% above the state average.
With a price-to-rent ratio of 20.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Manassas city has an owner-occupancy rate of 71.5%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Amador County | California | $449,800 | $1,421 |
| Stanislaus County | California | $450,100 | $1,623 |
| Sitka City and Borough | Alaska | $450,300 | $1,341 |
| Juneau City and Borough | Alaska | $449,300 | $1,444 |
| Cumberland County | Maine | $451,200 | $1,589 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| James City County | $447,200 | $1,552 | 76.7% |
| York County | $433,200 | $1,827 | 71.6% |
| King George County | $428,300 | $1,428 | 76.2% |
| Williamsburg city | $428,100 | $1,407 | 53.2% |
| Fredericksburg city | $483,700 | $1,619 | 39.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).