Oakton, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Oakton Neighborhoods Since 2000




Oakton, VA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Oakton Housing Market Information

With a population of 35,925, 13,274 total housing units (homes and apartments), and a median house value of $635,886, 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 36.48% of the town's housing units. Other types of housing that are prevalent in Oakton include single-family detached homes ( 35.22%), row houses and other attached homes ( 26.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.63%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

The most prevalent building size and type in Oakton are three and four bedroom dwellings. The town has a mixture of owners and renters, with 61.96% owning and 38.04% renting.

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 ( 16.33%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.45%).

Oakton Home Appreciation Rates

Appreciation rates for homes in Oakton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.28%, which ranks in the top 50% nationwide. This equates to an annual average Oakton house appreciation rate of 0.23%.

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 0.92%, 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 -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Oakton's latest annual appreciation rate is lower than 60% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$635,886

Oakton, VA HOME PRICES

Value Range
> $1,082,000 10.2
$812,001 - $1,082,000 18.8
$541,001 - $812,000 28.9
$433,001 - $541,000 16.8
$325,001 - $433,000 9.1
$216,001 - $325,000 10.7
$108,001 - $216,000 3.4
$54,001 - $108,000 1.1
$0 - $54,000 1.0

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
3.4102894644322 3.04709141274238

Number Of Homes And Apartments:
13,274

Oakton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
104.56% 4.24% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,354 / per month

Homeownership Rate

Homeownership
Owners 61.96
Renters 38.04
Vacant 3.92

Housing Market Details

 

Age of Homes

AGE OF Oakton HOMES
2000 or Newer 16.3
1970 - 1999 70.4
1940 - 1969 12.5
1939 or Older 0.8

Types of Homes

TYPE OF Oakton HOMES
Single-Family 35.2
Townhomes 26.5
Small Apt. Buildings 1.6
Apt. Complexes 36.5
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Oakton HOMES
No Bedroom 1.48
1 Bedroom 12.12
2 Bedrooms 24.36
3 Bedrooms 27.82
4 Bedrooms 22.91
5 or more bedrooms 11.31