Quick facts: Manassas, VA

Quick Facts

110.5
Cost of Living
above US average
42,642
Population
25.19
Crime Rate per 1000
above US average
$110,559
Median Income
above US average
$540,000
Median House Price
above US average
$2635.74
Average Rent
above US average
7%
Poverty Rate
below US average
2.7%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $110,559.

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Income Needed to Buy

βœ— Stretch
$169k/year
Based on $540,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $169k vs median $110,559
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Income Needed to Rent

⚠ Stretch
$113k/year
Based on $2635.74/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $113k vs median $110,559
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Manassas, VA

Manassas is a historic city located in Northern Virginia, approximately 30 miles southwest of Washington, D.C. With a rich history dating back to the Civil War, it is known for key battles, such as the First and Second Battles of Bull Run. Today, Manassas combines its historic charm with modern conveniences, offering a vibrant downtown area filled with shops, restaurants, and cultural attractions. The city is home to the Manassas Museum, which showcases the area's history, and historic sites like the Manassas National Battlefield Park, where visitors can explore the Civil War battlefield and learn about the significant events that took place there. Manassas has a diverse population and provides a variety of educational opportunities, highlighted by the presence of several public and private schools, as well as community colleges. With convenient access to major highways and the VRE commuter rail service, residents enjoy easy commuting to the larger metropolitan area. The city also hosts various annual events and festivals, contributing to a sense of community and engagement amongst its residents. Overall, Manassas is a charming mix of history, culture, and modern living.

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