Manassas, VA

Population: 41,705
Average annual home appreciation rate: -0.96%
Total of homes for sale in this market: 959
Median home price: $270,424
Median Rent: $1,471
Home price range: 28.71% of homes are between $221,001 – $331,000
Median sales price: $295,000
Number of homes: 143
Median foreclosure sales price: $257,000
Foreclosure discount: $38,000 ( 12.9% )
Most common home type: 43.04% of homes are single family detached
Number of vacant homes: 8.39%
Number of renters: 35.10%
Number of owner occupied: 64.90%
Number people living below poverty level: 11.71%
Unemployment rate: 4.60%
Is this area perfect for real estate deals going on right now? Markets with lower appreciation rates usually make for opportunities for buy and hold investors and rental properties. Low appreciation can lead to a stagnation of prices, and give opportunities for different types of real estate investing. (Fix and flip, buy and hold, etc..,) Still has great rental rates for rental income property owners.

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