Total monthly cost of ownership
Cost to Own a Home in Manassas Park, Virginia
A $381,000 home here costs
$3,099per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $133,000 a year.
A standard mortgage calculator would have told you $2,077. The real number is $1,022 higher every month, 49% more than the payment most buyers budget for.
Compare Manassas Park city with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Manassas Park against Manassas Park city and Virginia
| Measure | Manassas Park | Manassas Park city |
|---|---|---|
| Median home value | $381,200 | $381,200 |
| Median property tax | $4,329 | $4,329 |
| Effective tax rate | 1.136% | 1.136% |
| Median gross rent | $2,175 | $2,175 |
| Population | 16,923 | 16,923 |
The weather behind that power bill
Manassas Park sits in Manassas Park city, which averages a high of 88.0°F in its hottest month and a low of 28.3°F in its coldest, with 41.03" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,512 cooling and 4,002 heating degree days, which is what sets the $182 electricity line above.
See the full climate breakdown for Manassas Park city , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Manassas Park city
No other places of this size are published in Manassas Park city.
Full Manassas Park city cost breakdown · Every county in Virginia
Talk to someone who works this market
These are Manassas Park averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Manassas Park every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Manassas Park I already own here and may sell
Common questions
How much does it cost to own a home in Manassas Park?
A $381,000 home in Manassas Park, Virginia costs approximately $3,099 per month with 20% down at 7.24%. That is $2,077 principal and interest, $361 property tax, $94 homeowners insurance, $250 utilities and $318 set aside for maintenance.
What is the property tax rate in Manassas Park?
Manassas Park has an effective property tax rate of 1.136%, based on a median home value of $381,200 and median real estate taxes of $4,329. That is in line with the Manassas Park city average of 1.136%.
What is the average home price in Manassas Park?
The median owner-occupied home value in Manassas Park, Virginia is $381,200, against $381,200 across Manassas Park city.
Is it cheaper to rent or buy in Manassas Park?
Median gross rent in Manassas Park is $2,175 a month, against $3,099 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Manassas Park?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Manassas Park, Virginia at today's rate takes a household income of roughly $133,000 a year. That covers the full $3,099 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Manassas Park, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Virginia.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.