Quick facts: Manassas park, VA

Quick Facts

106
Cost of Living
above US average
16,703
Population
10.66
Crime Rate per 1000
below US average
$91,673
Median Income
above US average
$521,345
Median House Price
above US average
$2846.0
Average Rent
above US average
9%
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 $91,673.

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Income Needed to Buy

βœ— Stretch
$164k/year
Based on $521,345 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $164k vs median $91,673
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Income Needed to Rent

⚠ Stretch
$122k/year
Based on $2846.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $122k vs median $91,673
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Manassas park, VA

Manassas Park is a vibrant city located in Prince William County, Virginia. With a population of approximately 17,000 residents, it is known for its close-knit community atmosphere and diverse cultural offerings. The city is characterized by a blend of suburban living with easy access to urban amenities, particularly being just a short drive from the bustling city of Washington, D.C. The area offers a variety of parks and recreational facilities, making it great for outdoor enthusiasts. The local school district is committed to providing quality education, catering to families who wish to settle in a safe and nurturing environment. Manassas Park features a growing economy with local businesses and easy access to major highways, facilitating commuting for residents. The city hosts annual events and festivals that celebrate its community spirit, providing opportunities for residents to come together and enjoy various activities. Overall, Manassas Park combines a family-friendly vibe with convenient access to larger metropolitan attractions.

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