Manassas real estate delivers strong value for Northern Virginia buyers priced out of Fairfax and Arlington. Median home prices in Manassas City sit around $430,000, with townhomes — the dominant property type — listed between $340,000 and $500,000. Single-family homes in neighborhoods like Yorkshire, Sudley Manor, and Signal Hill range from $380,000 to $650,000. Price-per-square-foot averages $210–$250, a significant discount versus the DC inner ring suburbs.
Commuter access and investment fundamentals
Manassas is served by the Virginia Railway Express Manassas Line, putting commuters at Union Station in under 90 minutes — a key driver of residential demand from federal workers and contractors. Property taxes in Manassas City run approximately 1.17% of assessed value, while neighboring Prince William County sits near 0.99%. Rental cap rates on townhomes typically land in the 4.5–6% range, with gross rent multipliers between 14 and 17 reflecting the DC métro premium.
Old Town Manassas offers walkable dining and boutique retail within blocks of the VRE station, attracting buyers who want suburban square footage with neighborhood character. New construction east of Manassas along the Prince William Parkway corridor brings 4-bedroom single-family homes priced from $550,000 to $700,000, with HOA fees commonly ranging from $100 to $250 per month. Appreciation has tracked 5–8% annually in récent years, driven by DC employment spillover and limited housing inventory across the région.
