Median Home Price
$482,654.87
Median Rent
$2,182.34/mo
Price-to-Rent Ratio
18.4
Property Tax RateTIE
0.82%
Price Change (1Y)BETTER
+1.5%
Price Change (5Y)BETTER
+7.5%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$262,579
Median Home PriceBETTER
$301,780.44
Median RentBETTER
$1,631.91/mo
Price-to-Rent RatioBETTER
15.4
Property Tax RateTIE
0.82%
Price Change (1Y)
+0.3%
Price Change (5Y)
+1.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$156,201
Key Differences
Home Prices
Manassas's median home price of $482,654.87 is higher than Norfolk's $301,780.44 by 60%.
Monthly Rent
Renting in Manassas costs $2,182.34/mo compared to $1,631.91/mo in Norfolk—a difference of $550.43/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.