Oakton, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Oakton, VA Real Estate Data


Oakton Housing Market Information

With a population of 35,925, 13,270 total housing units (homes and apartments), and a median house value of $661,395, 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.

Single-family detached homes are the single most common housing type in Oakton, accounting for 35.92% of the town's housing units. Other types of housing that are prevalent in Oakton include large apartment complexes or high rise apartments ( 35.86%), row houses and other attached homes ( 26.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.94%).

The most prevalent building size and type in Oakton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.21% owning and 38.79% 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 ( 16.12%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.57%). There's also some housing in Oakton built before 1939 ( 1.02%).

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 5.23%, which ranks in the top 50% nationwide. This equates to an annual average Oakton house appreciation rate of 0.51%.

NeighborhoodScout's data show that during the latest twelve months, Oakton's appreciation rate, at 4.71%, has been at or slightly above the national average. In the latest quarter, Oakton's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

Relative to Virginia, our data show that Oakton's latest annual appreciation rate is higher than 70% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$661,395

Oakton, VA HOME PRICES

Value Range
> $1,162,000 9.1
$871,001 - $1,162,000 16.4
$581,001 - $871,000 30.3
$464,001 - $581,000 15.9
$348,001 - $464,000 9.9
$232,001 - $348,000 11.5
$116,001 - $232,000 4.4
$58,001 - $116,000 1.5
$0 - $58,000 0.9

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
3.20899455407859 3.04709141274238

Number Of Homes And Apartments:
13,270

Rent & Ownership

 

Average Market Rent:
$2,127 / per month

Homeownership Rate

Homeownership
Owners 61.21
Renters 38.79
Vacant 3.75

Housing Market Details

 

Age of Homes

AGE OF Oakton HOMES
2000 or Newer 16.1
1970 - 1999 69.3
1940 - 1969 13.6
1939 or Older 1.0

Types of Homes

TYPE OF Oakton HOMES
Single-Family 35.9
Townhomes 26.2
Small Apt. Buildings 1.9
Apt. Complexes 35.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Oakton HOMES
No Bedroom 1.34
1 Bedroom 11.50
2 Bedrooms 24.44
3 Bedrooms 28.35
4 Bedrooms 23.45
5 or more bedrooms 10.92

Oakton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
115.56% 4.62% 10 10
* 10 is highest