20109, Manassas, VA

The 20109 zip code of Manassas, VA has a median home value of $221,500. This is a decrease from the median home value of $236,000 in 2009. The decrease in home values can be attributed to the current economic recession and the fact that many homeowners are underwater on their mortgages. In addition, there has been an increase in foreclosures and short sales in this area.

Despite these challenges, there are still some homeowners who have seen their home equity increase over the past few years. For example, one homeowner who purchased her home in 2009 for $236,000 now owns it for $272,000 after making some repairs and improvements. Similarly, another homeowner who bought her home in 2007 for $200,000 now owns it for $245,000 after making similar upgrades.

Overall though, the 20109 zip code of Manassas is experiencing a decline in home values relative to other areas of Virginia. This could be due to a number of factors including the current economic recession and increased foreclosures and short sales activity.