Oakton, VA 22124 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Oakton, VA—22124

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$1,101,000

1.0% YoY Growth

Household Income

$217,000

34.3% YoY Growth

Days on Market

71.0% Longer YoY

Home Price Forecast

-1.5%

Median Rent

$3,150

10.6% YoY Growth

1-Bed Rent

$1,900

0.5% YoY Growth

2-Bed Rent

$2,380

2.0% YoY Growth

3-Bed Rent

$3,300

26.4% YoY Growth

Home Price Trends — Oakton, VA

As of May '26, the median home price in Oakton, VA is $1,101,000, with a year-over-year change of -1.0%. This indicates that home prices in Oakton, VA are flat. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$1,101,000	-1.0%
Single Family	$1,230,000	-1.1%
Condos	$361,000	-1.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

4.4%

1 Bedroom

32.9%

2 Bedrooms

30.2%

3 Bedrooms

17.3%

4 Bedrooms

15.2%

Property Listings — Oakton, VA

As of May '26, Realtor.com reports that the median days on market for a home in Oakton, VA is 29. This is a increase of 71.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,020,000	-27.0%
Listing Count	85	44.0%
Listings as % of Homes	0.3%	44.0%
Days on Market	29	71.0%

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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%

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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%

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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%

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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

Oakton, VA—22124

Key Metrics at a Glance

Home Price Trends — Oakton, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oakton, VA

% of Rental Stock

Property Listings — Oakton, VA

Demographics — Oakton, VA

Race and Ethnicity

Mortgage and Risk — Oakton, VA

Mortgages

Rentals and Section 8 — Oakton, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Oakton, VA

Home Price to Income Ratio

Oakton, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Vienna, VA

Reston, VA

Fairfax, VA

Fairfax, VA

Reston, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.6
Median Home Price	$1,101,000
Median Household Income	$217,000

Oakton, VA—22124

Key Metrics at a Glance

Home Price Trends — Oakton, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oakton, VA

% of Rental Stock

Property Listings — Oakton, VA

Demographics — Oakton, VA

Race and Ethnicity

Mortgage and Risk — Oakton, VA

Mortgages

Rentals and Section 8 — Oakton, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Oakton, VA

Home Price to Income Ratio

Oakton, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Vienna, VA

Reston, VA

Fairfax, VA

Fairfax, VA

Reston, VA

Frequently Asked Questions

What is the average home price in Oakton, VA 22124?

How have home prices in Oakton, VA 22124 changed over the past year?

What is the home price projection for Oakton, VA 22124?

What are the demographics of Oakton, VA 22124?

How long does it take homes to sell in Oakton, VA 22124?

What is the average rent price in Oakton, VA 22124?