Mortgage Rates in Manassas Park, Virginia — March 2026
Updated March 2026 | Based on Manassas Park market data and regional lending conditions
Manassas Park is a growing city in Virginia with a population of 17,478. The current 30-year fixed mortgage rate in Manassas Park is 6.61%, which is 0.04% below the national average. With a median home price of $341,000 and a 20% down payment of $68,200, homebuyers can expect a monthly principal and interest payment of approximately $1,744.
Current Mortgage Rates in Manassas Park, VA
Below are the current average mortgage rates available in the Manassas Park area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Manassas Park Housing Market Overview
The Manassas Park housing market reflects moderate demand with prices near the national average. The median household income in Manassas Park is $65,300, and the cost of living index is 99.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $84,857 to comfortably afford the median-priced home in Manassas Park, which exceeds the current median household income.
Monthly Payment Breakdown for Manassas Park
Based on the median home price of $341,000 with 20% down ($68,200), here is what you can expect to pay monthly in Manassas Park:
15-Year vs. 30-Year Mortgage in Manassas Park
Choosing a 15-year mortgage in Manassas Park at 5.88% instead of a 30-year at 6.61% would save you $216,720 in total interest over the life of the loan. However, your monthly payment would be $2,284 instead of $1,744 — an increase of $540 per month.
Calculate Your Manassas Park Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Manassas Park
What are the current mortgage rates in Manassas Park, VA?
As of March 2026, the average 30-year fixed mortgage rate in Manassas Park, Virginia is 6.61%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Manassas Park?
Based on the median home price of $341,000 with 20% down, the estimated monthly mortgage payment in Manassas Park is $1,744 for principal and interest. Including property taxes of $236/month, the total monthly housing cost is approximately $1,980.
What income do I need to buy a home in Manassas Park?
Using the 28% rule, you would need an annual income of approximately $84,857 to afford the median-priced home in Manassas Park at $341,000. The median household income in Manassas Park is $65,300. This means most households would need to either earn above the median or consider homes below $341,000.
Is Manassas Park a good place to buy a home in 2026?
Manassas Park offers a below-average cost of living with a cost of living index of 99.4 (national average = 100). The property tax rate in Virginia is 0.83%, which is near the national average. Manassas Park has a population of 17,478 and offers a balanced lifestyle.
Mortgage Rates in Other Virginia Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Manassas Park, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.