Oakton, VA—22124
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oakton, VA
As of Oct '25, the median home price in Oakton, VA is $1,041,000, with a year-over-year change of 0.5%. This indicates that home prices in Oakton, VA are flat. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,041,000 | 0.5% |
| Single Family | $1,156,000 | 0.2% |
| Condos | $358,000 | -0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $298,000 | 0.0% |
2 Bed | $377,000 | -0.5% |
3 Bed | $719,000 | -0.3% |
4 Bed | $1,172,000 | 0.2% |
| 5 Bed | $1,638,000 | 0.5% |
% of Housing Stock
Rental Trends — Oakton, VA
As of July '25, Rentcast reports the average rent in Oakton, VA is $3,330, with a year-over-year rent change of 10.6%. Per bedroom, the median rent as of July '25 in Oakton, VA is 1-bedrooms: $1,840, 2-bedrooms: $2,440, 3-bedrooms: $3,740, 4-bedrooms: $4,020. The most common rental property sizes in Oakton, VA are 1-bedroom and 2-bedroom, accounting for 32.9% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,150 | $3,330 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,900 | $1,840 |
| 2 Bed Rent | $2,380 | $2,440 |
| 3 Bed Rent | $3,300 | $3,740 |
| 4 Bed Rent | $3,800 | $4,020 |
% of Rental Stock
Property Listings — Oakton, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Oakton, VA is 31. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,420,000 | 17.0% |
Listing Count | 45 | 45.0% |
| Listings as % of Homes | 0.3% | 45.0% |
Days on Market | 31 | -1.0% |
Demographics — Oakton, VA
As of the latest ACS Survey released in 2023, Oakton, VA has a population of 18,900, which has increased by 3.8% over the past 5 years. Oakton, VA is a moderately popular place for families, as children make up 24.2% of the population. The area has a highly educated workforce, with 81.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 34.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,900 | 3.8% |
% Under 18 | 24.2% | 1.7% |
% Seniors | 16.4% | -7.3% |
% WFH | 34.9% | 301.1% |
% w/ College Degree | 81.2% | 1.9% |
As of the latest ACS Survey released in 2023, Oakton, VA is a predominantly white area, with 60.4% of the population identifying as white. The white population has shrunk by 15.5% in the last 5 years. The second most common race or ethnicity in Oakton, VA is asian, making up 23.0% of the population. Foreign-born residents account for 24.3% of the population in Oakton, VA, and this percentage has increased by 19.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.4% | -15.5% |
% Black | 3.5% | 84.2% |
% Hispanic | 8.2% | 5.1% |
% Asian | 23.0% | 47.4% |
% Foreign Born | 24.3% | 19.1% |
Mortgage and Risk — Oakton, VA
According to HUD data as of 2023, there were 323 mortgage originations in Oakton, VA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Oakton, VA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 323 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Oakton, VA
As of 2024, the percent of homes in Oakton, VA under the Section 8 program is 6.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Oakton, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 53 |
Total Units Section 8 | 53 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,900 | $2,400 |
| 2 Bedroom | $320 | $2,380 | $2,700 |
| 3 Bedroom | $80 | $3,300 | $3,380 |
| 4 Bedroom | $180 | $3,800 | $3,980 |
Affordability — Oakton, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $1,041,000 |
| Median Household Income | $217,000 |