Manassas city Real Estate and Livability Trends
Manassas City, Virginia's real estate market could be a key interest point for investors due to rising average taxable incomes and home values. Average taxable income jumped from $57,168.79 in 2013 to $67,454.96 by 2021, and median home values surged from $276,700 in 2015 to $393,900 in 2022, significantly outpacing state and national figures. These increases are likely tied to economic growth,... Read more
Manassas city Market Trends
Manassas City, Virginia has seen its median home values climb from $276,700 in 2015 to $393,900 in 2022, outpacing both the state average and national increases. The average residential energy tax credit per return soared from about $297.92 in 2013 to $1,540.00 in 2018, hinting at more sustainable living investments. Real estate taxes per return rose from $3,500.76 in 2012 to around $5,512.20 in... Read more
Median Value of Occupied Housing Units in Manassas city, Virginia Over the Last 8 Years
Manassas city, Virginia has experienced a significant upward trend in median home values over the past eight years, with values climbing from $276,700 in 2015 to $393,900 in 2022. This compares to Virginia's average, which rose from $245,000 to $339,800 during the same period, indicating Manassas city as having a higher rate of appreciation. Nationally, the median home value increase has been from $125,500 to $179,400, suggesting Manassas city investors and homebuyers are experiencing superior returns. These trends could imply a burgeoning market and enhanced potential for property appreciation in Manassas city compared to both statewide and national averages.
Residential Energy Tax Credit Per Tax Return in Manassas city, VA Over the Last 9 Years
Manassas city, Virginia has seen notable fluctuations in residential energy tax credits per tax return over the past nine years. The average credit surged from approximately $297.92 in 2013 to an impressive high of $1,540.00 in 2018, indicating periods of significant investment in energy-efficient home improvements. Such trends suggest residents and investors increasingly prioritize sustainable living, potentially impacting property values and insurance considerations positively. For real estate agents and homeowners, these data points might signal strengthening market potential fueled by energy efficiency initiatives.
Average Real Estate Taxes Per Tax Return in Manassas city, VA Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Manassas City, Virginia have seen a consistent upward trend, starting from around $3,500.76 in 2012 and climbing to approximately $5,512.20 in 2021. This potentially indicates a steady rise in property values or changes in tax rates, which is vital information for investors, real estate agents, and those considering moving to or building in the area. Understanding this trend can aid in financial planning and strategy for appraisers and insurance agents working with properties in Manassas City.
Percentage of Farm Returns in Manassas city, VA Over the Last 3 Years
Manassas City, Virginia has seen a relatively stable percentage of farm tax returns over the past three years, with values around 0.10%. This slight variation suggests minimal fluctuation in farm-related economic activity. For investors or individuals looking to move or build property, this stability might imply a consistent albeit small agricultural presence, useful in understanding the broader economic landscape.
Number of Mortgages by Occupancy Type in Manassas city, VA Over the Last 5 Years in Manassas city
In Manassas City, Virginia, there's been a notable shift in mortgage originations across different occupancy types over the past five years. The dominant trend reveals a substantial drop in the number of mortgages for principal residences from a high of 3812 in 2021 to almost half in 2022. This decline might reflect either decreasing affordability, changing buyer preferences, or perhaps a cooling market. On the flip side, investment property mortgages have also seen a decline, which could suggest less investor interest or be influenced by higher market entry barriers. These shifts can be crucial for investors assessing market dynamics, for potential homebuyers considering stability and future price trends, or for real estate agents tailoring their strategies. Understanding these trends helps stakeholders anticipate future housing market conditions and make informed decisions.
Economic Outlook
In Manassas City, Virginia, the real estate market might be influenced by a general upward trend in average taxable income, which increased from $57,168.79 in 2013 to $67,454.96 by 2021. This suggests potential economic growth that could appeal to investors. Additionally, average state and local income taxes rose from approximately $4,846.15 in 2012 to about $6,139.34 by 2021, indicating either higher income levels or changes in tax policies. The overall gradual increase in average total tax... Read more
Average Taxable Income per Tax Return in Manassas city, VA over the last 9 years
The average taxable income per tax return in Manassas City, Virginia has shown a general upward trend over the last nine years, despite some fluctuations. Starting at $57,168.79 in 2013, it increased to $67,454.96 by 2021. Noteworthy spikes include an increase from $59,629.40 in 2014 to $62,716.04 in 2018, suggesting potential economic growth or shifts during these periods. This data could appeal to investors or real estate agents looking at income trends when assessing market viability and planning strategies.
Average State and Local Income Taxes Per Tax Return in Manassas city, VA Over the Last 10 Years
Over the past decade in Manassas city, Virginia, the average state and local income taxes per tax return have shown a notable upward trend. Starting from approximately $4,846.15 in 2012, taxes have increased steadily, reaching about $6,139.34 by 2021. While there were some minor fluctuations, the overall rise could signal economic growth, higher income levels among residents, or potential changes in tax policies affecting the area. This trend is particularly relevant for those looking to invest, move, or appraise property in Manassas city, as higher taxes often correlate with improved local services and infrastructure, which can impact property values and living conditions.
Average Total Tax Liability Per Tax Return in Manassas city, VA Over the Last 10 Years
Manassas city, Virginia has experienced a gradual increase in average total tax liability per tax return over the past decade, with a notable peak in 2021 reaching $9,452.84. While there have been minor fluctuations, the general uptrend suggests a steady rise in resident incomes or property values. This may be appealing to potential investors and real estate agents, signaling robust economic conditions, but it could also indicate higher costs for newcomers and property developers. Appraisors and insurance agents might find these trends useful for adjusting their valuations and underwriting practices accordingly.
Cost of Living in Manassas city
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,111 | $1,532 | $1,492 | $2,562 | $2,156 |
| 1 adult 4 children | $2,111 | $1,251 | $1,137 | $2,562 | $2,321 |
| 2 adults 3 children | $2,111 | $1,252 | $1,296 | $2,562 | $1,932 |
| 1 adult 3 children | $2,111 | $1,022 | $941 | $2,562 | $2,139 |
| 2 adults 2 children | $1,688 | $1,025 | $1,100 | $2,255 | $1,544 |
| 1 adult 2 children | $1,688 | $765 | $746 | $2,255 | $1,662 |
| 2 adults 1 child | $1,688 | $810 | $904 | $1,256 | $1,224 |
| 1 adult 1 child | $1,688 | $523 | $550 | $1,256 | $1,246 |
| 2 adults | $1,483 | $651 | $709 | $0 | $904 |
| 1 adult | $1,459 | $355 | $354 | $0 | $871 |
Safety trends & Data
Manassas, Virginia, has seen distinctive property crime trends over the past five years, which could impact property values and insurance rates. Larceny-theft remains the most prevalent, peaking with 85 arrests in 2022, while vandalism arrests have been consistently in the 20s and 30s annually. Fraud arrests showed significant fluctuation, hitting a high of 35 in 2019. Burglary arrests varied from a low of 6 in 2020 to 15 in 2022, revealing potential areas of focus for law enforcement and... Read more
Property Crime Trends in Manassas city, VA Over the Last 5 Years
Manassas, Virginia, shows a nuanced landscape in property crime trends over the past five years. Larceny-theft consistently accounts for the highest number of arrests, peaking at 85 in 2022, suggesting a focal point for law enforcement and prevention efforts. Vandalism also shows a steady incidence, with figures hovering around the 20s and 30s annually. Interestingly, instances of fraud seem to fluctuate significantly, with a notable high of 35 arrests in 2019. Meanwhile, burglary arrests show a relatively low but varied trend, hitting a minimum of 6 in 2020 but bouncing back to 15 in 2022. These patterns could offer valuable insights for investors, real estate agents, appraisers, and anyone considering relocation to the area, as they reflect underlying social and economic dynamics that might affect property values and insurance considerations.
Demographics
Manassas city, Virginia, exhibits a remarkably balanced gender distribution, with near-identical numbers of males and females. Educational attainment varies widely, yet a notable portion of adults have attained at least a high school diploma, and significant numbers have bachelor’s or graduate-level degrees. Younger age groups under 10 years and the 25 to 44 year demographic appear to shape much of the population structure, suggesting an emphasis on family-oriented communities and working-age... Read more
Race Distribution in Manassas city, Virginia (2022)
Educational Attainment in Manassas city, Virginia (2022)
Age Distribution in Manassas city, Virginia
Citizen Population in Manassas city, Virginia (2022)
Political Trends & Data
Manassas City, Virginia, displayed a strong tendency towards the Democratic Party in the 2020 Presidential Election, where Democratic candidates potentially secured about 61% of the vote. The Republican Party may have garnered around 37%, with minor parties like the Libertarians capturing roughly 2%. This political leaning could influence local real estate trends, with potential buyers possibly prioritizing communities that mirror their political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 Presidential Election, Manassas City, Virginia, leaned significantly towards the Democratic Party, with their candidates possibly securing around 61% of the vote. The Republican Party trailed with an estimated 37%, while minor parties like the Libertarians captured approximately 2%, with negligible support for the Green Party and others. This distribution suggests a relatively strong Democratic presence in this area.
36.85% of voters voted for the Republican party in the 2020 Presidential Election
61.00% of voters voted for the Democrat party in the 2020 Presidential Election
1.65% of voters voted for the Livertarian party in the 2020 Presidential Election
0.51% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Manassas City, Virginia, the student-to-teacher ratio has fluctuated between 13 and 16 over the past decade, hinting at variable factors such as school funding, class sizes, and population changes. These shifts are important for investors, real estate agents, and families because they could impact local property values and education quality. Interestingly, these fluctuations align with the national average of 14 students per teacher, though occasional peaks could signify temporary changes in... Read more
Student-to-teacher ratio in Manassas City, Virginia over the last 10 years
Over the past decade, the student-to-teacher ratio in Manassas City, Virginia has seen some fluctuations, peaking at 16 in 2023 and dropping as low as 13 in 2021. This variation suggests there could be changing dynamics in school funding, class sizes, or population growth affecting educational resources. Investors, real estate agents, and families might find these shifts crucial as they could influence property values and local education quality. With fluctuations generally aligning closely with the national average of 14 students per teacher, Manassas City seems to reflect broader educational trends, although periodic spikes could point to temporary resource or demographic shifts.
