Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 35,925, 13,556 total housing units (homes and apartments), and a median house value of $729,098, Oakton house prices are not only among the most expensive in Virginia, Oakton real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Oakton, accounting for 34.63% of the town's housing units. Other types of housing that are prevalent in Oakton include single-family detached homes ( 33.90%), row houses and other attached homes ( 28.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.69%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Owner-occupied, three and four bedroom dwellings are the most prevalent type of housing you will see in Oakton. Owner-occupied housing accounts for 67.50% of Oakton's homes, and 49.73% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Oakton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Oakton built between 2000 and later ( 17.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.39%).
Real estate appreciation rates in Oakton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.33% during the period.
Over the last year, Oakton appreciation rates have trailed the rest of the nation. In the last twelve months, Oakton's appreciation rate has been 4.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oakton were at 1.45%, which equates to an annual appreciation rate of 5.93%.
Notably, Oakton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Virginia, our data show that Oakton's latest annual appreciation rate is lower than 80% of the other cities and towns in Virginia.
Very High for Nation
Very High for VA