Total monthly cost of ownership
Cost to Own a Home in Manassas, Virginia
A $435,000 home here costs
$3,329per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,236. The real number is $1,093 higher every month — 49% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Manassas against Manassas city and Virginia
| Measure | Manassas | Manassas city |
|---|---|---|
| Median home value | $434,700 | $434,700 |
| Median property tax | $4,766 | $4,766 |
| Effective tax rate | 1.096% | 1.096% |
| Median gross rent | $1,835 | $1,835 |
| Population | 42,674 | 42,674 |
The weather behind that power bill
Manassas sits in Manassas 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 $158 electricity line above.
See the full climate breakdown for Manassas city — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Manassas city
No other places of this size are published in Manassas city.
Full Manassas city cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Manassas?
A $435,000 home in Manassas, Virginia costs approximately $3,329 per month with 20% down at 6.66%. That is $2,236 principal and interest, $397 property tax, $107 homeowners insurance, $226 utilities and $363 set aside for maintenance.
What is the property tax rate in Manassas?
Manassas has an effective property tax rate of 1.096%, based on a median home value of $434,700 and median real estate taxes of $4,766. That is in line with the Manassas city average of 1.096%.
What is the average home price in Manassas?
The median owner-occupied home value in Manassas, Virginia is $434,700, against $434,700 across Manassas city.
Is it cheaper to rent or buy in Manassas?
Median gross rent in Manassas is $1,835 a month, against $3,329 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Manassas — 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.