Manassas Park city Real Estate and Livability Trends
Manassas Park, Virginia, has seen a sharp increase in median home values, jumping from $248,300 in 2015 to $370,700 in 2022, outpacing state and national averages. This city's rising average taxable income per return and steady growth in local taxes suggest robust economic conditions and higher property values, enticing for real estate investors. Shifts toward energy-efficient home improvements... Read more
Manassas Park city Market Trends
Manassas Park city, Virginia has experienced a notable surge in median home values, rising from $248,300 in 2015 to $370,700 in 2022, significantly outpacing both state and national growth. Residential energy tax credits show fluctuations, with peaks like $842.86 in 2017, indicating shifts towards sustainable living and increased investments in energy-efficient home improvements. Real estate... Read more
Median Value of Occupied Housing Units in Manassas Park city, Virginia Over the Last 8 Years
Manassas Park city, Virginia has shown a substantial upward trend in median home values over the last eight years, climaxing at $370,700 in 2022 from $248,300 in 2015. When compared to Virginia overall, where values escalated from $245,000 in 2015 to $339,800 in 2022, Manassas Park's growth trajectory appears more pronounced. Nationally, the median home value rose from $125,500 in 2015 to $179,400 in 2022, indicating that Manassas Park is outperforming both state and national levels. This vibrant escalation may attract investors and new residents considering the city's potential for high returns and increased property value stability.
Residential Energy Tax Credit Per Tax Return in Manassas Park city, VA Over the Last 8 Years
Manassas Park city, Virginia has seen significant fluctuations in residential energy tax credits per tax return over the past eight years. High points like $842.86 in 2017 and recent figures such as $788.89 in 2021 suggest increasing investments in energy-efficient home improvements. However, dips, particularly in 2014 at $192.86, highlight periods with less investment. This trend could indicate a growing awareness and shift towards sustainable living, presenting opportunities for investors, real estate agents, and property developers interested in energy-efficient properties.
Average Real Estate Taxes Per Tax Return in Manassas Park city, VA Over the Last 10 Years
Average real estate taxes per tax return in Manassas Park city, Virginia, have seen a gradual increase over the past decade, rising from approximately $3,810.68 in 2012 to around $5,409.80 in 2021. This trend suggests a consistent uptick in property tax burdens, likely reflecting the area's growing property values and potentially increased public service investments. For investors, builders, and real estate professionals, this steady rise could indicate a robust and appreciating market, while residents should expect higher future tax liabilities, impacting overall living costs.
Number of Mortgages by Occupancy Type in Manassas Park city, VA Over the Last 5 Years in Manassas Park city
In Manassas Park city, Virginia, mortgage data over the past five years suggests that the majority of mortgages have been for principal residences, showing relative stability in this segment. Investment properties have seen a gradual increase, while second residences remain a negligible portion of the market. Shifts in occupancy types can be pivotal for investors, as rising investment property mortgages might be a signal of growing rental opportunities or property value appreciation. Real estate agents and appraisers may find the trends useful for assessing market demands and pricing strategies. Insurance agents could also benefit from understanding these trends to better gauge risk factors related to different property uses.
Economic Outlook
In Manassas Park, Virginia, average taxable income per tax return has generally risen over the past nine years, with noticeable jumps in 2017 and 2021 despite a dip in 2020 due to the pandemic. This trend might indicate robust economic conditions and potentially higher property values, making the area intriguing for real estate investors and prospective homeowners. State and local income taxes have also increased, peaking at $5,267.44 in 2019 before stabilizing around $5,178.50 in 2021,... Read more
Average Taxable Income per Tax Return in Manassas Park city, VA over the last 9 years
Manassas Park, Virginia has seen a generally consistent increase in average taxable income per tax return over the past nine years, with notable jumps particularly in 2017 and 2021. Despite a slight dip in 2020, likely influenced by the economic impact of the pandemic, the overall trend showcases resilience and growth. These patterns could imply favorable economic conditions and potentially higher property values, which might be of interest to real estate investors, appraisers, and those considering moving to the area.
Average State and Local Income Taxes Per Tax Return in Manassas Park city, VA Over the Last 10 Years
Over the last decade, Manassas Park city in Virginia has seen a noticeable increase in state and local income taxes per tax return. Despite starting at $4,220.00 in 2012, taxes have generally trended upwards, peaking at $5,267.44 in 2019. Although there was a slight dip in 2020, the figures remained relatively stable, with 2021 closing at $5,178.50. For potential investors or property developers, this could suggest a growing economic base and potentially higher property values. Real estate agents and appraisers might view this as a sign of increasing prosperity in the region, while insurance agents could interpret this as a variable to factor into policy costs.
Average Total Tax Liability Per Tax Return in Manassas Park city, VA Over the Last 10 Years
Over the past decade, the average total tax liability per return for Manassas Park city, Virginia, has shown a gradual increase with some fluctuations. Notably, between 2012 and 2021, tax liabilities rose from approximately $6,511.90 to about $7,305.75. While there were peaks and troughs—such as a significant spike in 2017 and an equally notable dip in 2020—the overall trend suggests incremental growth in tax obligations, hinting at potential economic strengthening or policy adjustments in the area. This information is particularly relevant for potential homeowners, investors, and real estate professionals assessing the financial landscape of Manassas Park city.
Cost of Living in Manassas Park city
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,465 | $1,532 | $1,492 | $3,331 | $2,682 |
| 1 adult 4 children | $2,465 | $1,251 | $1,137 | $3,331 | $2,771 |
| 2 adults 3 children | $2,465 | $1,252 | $1,296 | $3,331 | $2,449 |
| 1 adult 3 children | $2,465 | $1,022 | $941 | $3,331 | $2,592 |
| 2 adults 2 children | $1,970 | $1,025 | $1,100 | $2,921 | $1,982 |
| 1 adult 2 children | $1,970 | $765 | $746 | $2,921 | $2,126 |
| 2 adults 1 child | $1,970 | $810 | $904 | $1,589 | $1,473 |
| 1 adult 1 child | $1,970 | $523 | $550 | $1,589 | $1,563 |
| 2 adults | $1,731 | $651 | $709 | $0 | $1,018 |
| 1 adult | $1,703 | $355 | $354 | $0 | $1,033 |
Safety trends & Data
Property crime trends in Manassas Park, Virginia, offer a nuanced picture for prospective investors and residents. Larceny-theft spiked at 17 incidents in 2019 but dropped to 8 by 2022, while motor vehicle thefts rose to 7 in 2020 before decreasing to 3 in 2022. Burglary incidents have stayed relatively low and stable, ranging from 2 to 6 annually. Other crimes like vandalism, fraud, and forgery have seen minor fluctuations without significant trends. This data could help assess the area's... Read more
Property Crime Trends in Manassas Park city, VA Over the Last 5 Years
Property crime trends in Manassas Park, Virginia, over the last five years show a mixed pattern. Larceny-theft has fluctuated, peaking at 17 incidents in 2019 before dropping to 8 in 2022. Burglary incidents have remained relatively low but consistent, with numbers ranging from 2 to 6 annually. Motor vehicle thefts saw an increase in 2020 with 7 incidents, but have since decreased to 3 by 2022. Incidents of vandalism, fraud, and forgery have varied slightly year over year, but none have shown a significant upward or downward trend. This data can be crucial for potential investors and residents to assess the safety and long-term viability of the area for financial and personal commitments.
Demographics
Manassas Park, Virginia, sees a relatively balanced gender distribution among its adult population with males slightly outnumbering females. Educational attainment shows that a significant portion of the population has completed high school, though fewer have pursued higher education degrees, with bachelor’s degree holders outpacing graduate or professional degree holders. The age distribution skews towards younger adults, particularly those aged 25 to 44 years, indicating a likely younger,... Read more
Race Distribution in Manassas Park city, Virginia (2022)
Educational Attainment in Manassas Park city, Virginia (2022)
Age Distribution in Manassas Park city, Virginia
Citizen Population in Manassas Park city, Virginia (2022)
Political Trends & Data
In Manassas Park City, Virginia, Democrats seemingly dominated the 2020 U.S. Presidential Election with over 65% of the vote, while Republicans trailed at approximately 32.50%. Libertarians captured a modest 1.60%, indicating a strong Democratic presence. This political dynamic might shape local and national election outcomes moving... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Manassas Park City, Virginia, Democrats possibly dominated the 2020 U.S. Presidential Election with over 65% of the vote, while Republicans seemed to trail significantly at around 32.5%. Libertarians garnered a modest share, roughly 1.6%, and other parties barely registered. This could suggest a strong Democratic leaning within the county, which may influence future local and national elections.
32.51% of voters voted for the Republican party in the 2020 Presidential Election
65.57% of voters voted for the Democrat party in the 2020 Presidential Election
1.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Manassas Park City, Virginia, has seen some fluctuation over the past decade, peaking above 15 students per teacher in 2017 and 2018, possibly due to higher enrollment or staff shortages. Recent trends show a slight decline below the national average of 14 students per teacher in 2020 and 2021, which might indicate improved hiring or fewer students. These shifts are key for investors and real estate agents since lower ratios can boost the area's appeal for... Read more
Student-to-teacher ratio in Manassas Park City, Virginia over the last 10 years
Over the past decade, the student-to-teacher ratio in Manassas Park City, Virginia, has generally hovered close to the national average of 14 students per teacher, with some fluctuation. In 2017 and 2018, the ratio peaked at over 15 students per teacher, potentially indicating periods of higher enrollment or staff shortages. Recent years show a slight return to the national average, with 2020 and 2021 dropping below 14 students per teacher, which might suggest improved hiring or decreased student numbers. Understanding these changes is crucial for investors, real estate agents, and residents as lower student-to-teacher ratios can enhance the attractiveness of the area for families, influence property values positively, and impact school funding decisions that are critical for community development.
