Rent to own Homes in Manassas Park, VA
Just 26 miles from busy Washington, D.C. and minutes from Dulles Airport, Manassas Park is ranked by the Milken Institute as the seventh best place in the country to do business. With a population of 16,149, it enjoys a moderate climate, with January highs at 43 and July highs around 88. With its low unemployment rate (2 percent) and small-town vibe, it's not surprising that, over the next 25 years, the population of this charming Virginia city is projected to grow by as much as 63 percent.
Manassas Park, VA is a great place for affordable rent-to-own homes! With a median household income of over $81,639 and a median rent of $1,709, the Manassas Park, VA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Manassas Park, VA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Manassas Park, VA Property Resources
Rent to own Homes in Cities Near Manassas Park, VA
- Alexandria
- Annandale
- Aquia Harbour
- Arlington
- Ashburn
- Bailey's Crossroads
- Boswell's Corner
- Braddock
- Brambleton
- Bristow
- Broadlands
- Bull Run Mountain Estates
- Burke
- Burke Centre
- Calverton
- Cherry Hill
- Dickerson
- Difficult Run
- Dulles Town Center
- Dumfries
- Dunn Loring
- Fairfax
- Fairfax Station
- Fair Lakes
- Falls Church
- Floris
- Great Falls Crossing
- Hutchison
- Innovation
- Kincora
- Kingstowne
- Leesburg
- Leesylvania
- Linton Hall
- Loch Lomond
- Mantua
- Marshall
- Midland
- Moorefield
- Moorefield Station
- Mount Vernon
- Nanjemoy
- Navy
- Nokesville
- Oakton
- One Loudoun
- Opal
- Quantico
- Sudley
- Union Mill
Neighborhoods in Manassas Park, VA
Bloom Crossing rent to own homesPopular Zip Codes in Manassas Park, VA
20113 rent to own homesMedian Home Price in Manassas Park, VA
Median Rent in Manassas Park, VA
Big-City Conveniences, Small-Town Charm in Manassas Park, VA
Rising home values! Median home values in Manassas Park are currently at around $257,200, which represents an increase of more than 10 percent over the past year. This healthy housing market makes Manassas Park a great place to invest in real estate -- especially since bargains are still available here. For example, in the area of Scott Drive, a mid-century Cape Cod-style home can list for around $185,000. Likewise, in the neighborhood of Old Centreville Road, a similar Cape Cod-style residence, completely renovated and with three bedrooms, can list for around $210,000.
Great rental rates! In the market for a rent to own townhouse or traditional rental home? Manassas Park rentals are considerably lower than those in Washington, DC, making this an idea place for city commuters who don't want to pay inflated metropolitan prices. Large three-bedroom houses in the Lambeth Drive area can rent for around $1,500 a month, while brand new townhouses in the area of Cartwright Court can list for only around $1,350.
Things to do! Feel like shopping? Plan to spend the day at Manassas Park Shopping Center (9136 Mathias Ave), which features a variety of nationally known and locally owned retailers and restaurants. Feel free to support the local shops and businesses! For those who prefer more physical activity, there's Splash Down Water Park, a seasonal amusement park with water slides, leisure pools and a lush lagoon for relaxing.
Pretty parks to play in! When it's time for a bit of fresh air, Manassas Park locals head over to Baker Street Park, which features a full acre of open space to relax in, as well as a lovely pavilion for events and picnicking. Another favorite area is Polk Street Park, which offers plenty of open space, perfect for sports, plus a large outdoor basketball court.