The typical owner-occupied home in Manassas city is worth about $449,900, 17% above the Virginia median of $383,700 and 35% above the national median of $332,700. Owners pay a median $4,923 a year in property taxes, about 1.09% of their home's value, higher than the Virginia rate of 0.73%. The median household earns $113,590 a year, so the median home costs 4.0 times the median income (4.1 times for Virginia). 71% of occupied homes here are lived in by their owners, and 79% of those owners still have a mortgage.
Manassas city at a glance
| Manassas city | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $449,900 | $383,700 | $332,700 |
| Median property tax paid per year | $4,923 | $2,790 | $3,119 |
| Property tax as a share of value | 1.09% | 0.73% | 0.94% |
| Median household income | $113,590 | $93,170 | $80,734 |
| Homes lived in by their owners | 71% | 67% | 65% |
| Owner homes with a mortgage | 79% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,511 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 21.0% | 20.1% | 21.0% |
| Median rent | $1,850 | $1,579 | $1,413 |
| Rent as a share of renters' income | 30.9% | 29.4% | 30.6% |
| Median year homes were built | 1985 | 1984 | 1980 |
| Vacant homes | 2.1% | 8.7% | 10.1% |
| Population | 42,976 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Manassas city
At this week's average 30-year rate of 7.11%, buying the median Manassas city home of $449,900 with 20% down costs about $3,017 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,767, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $129,314 for the 20%-down payment. That payment is 32% of the median Manassas city household income of $113,590; at that income and 20% down, the 28% guideline points to a home of about $395,000.
The median rent here is $1,850 a month, so owning the median home costs about $1,167 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $89,980 |
|---|---|
| Loan amount | $359,920 |
| Principal and interest | $2,421 |
| Property taxes (1.09% a year) | $409 |
| Homeowners insurance (our estimate, 0.5% a year) | $187 |
| PMI | $0 |
| Total per month | $3,017 |
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| Down payment | $15,746 |
|---|---|
| Loan amount | $441,751 |
| Principal and interest | $2,972 |
| Property taxes (1.09% a year) | $409 |
| Homeowners insurance (our estimate, 0.5% a year) | $187 |
| FHA mortgage insurance | $199 |
| Total per month | $3,767 |
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Questions about home buying in Manassas city
What is the median home value in Manassas city?
About $449,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Manassas city?
Homeowners pay a median $4,923 a year, which is about 1.09% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Manassas city?
For the median home with 20% down at 7.11%, the payment is about $3,017 a month. Keeping that under 28% of gross income takes about $129,314 a year.
More about Manassas city
- Mortgage Refinance in Manassas city
- Debt Relief in Manassas city
- Home Equity Loans in Manassas city
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data