Oakton, Virginia Housing Market Prices
Oakton Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 242% above the Virginia median$874,989
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Median rent 44% above the Virginia median$2,279
Housing Market Overview
| Metric | Oakton | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $874,989 | $256,082 | $248,835 |
| Price Trend (Annual %) | 3.5% | 3.5% | 7.5% |
| Median Gross Rent | $2,279 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oakton is about 242% higher than in Virginia. Rent is about 44% higher than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Oakton, up about 3.5% and 3.0% a year respectively. Home prices are changing faster.
Median rent in Oakton rose about 26.5% between 2015 and 2024, from $1,801 to $2,279. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 5.4 yearly household incomes in Oakton.
Buying the median-priced home in Oakton costs roughly 32.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Oakton. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Oakton | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $874,989 | $256,082 | $248,835 |
| Median Household Income | $161,629 | $93,527 | $80,455 |
| Price-to-Income Ratio | 5.4 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Oakton rose about 9.1%, while median household income rose about 33.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Oakton | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.8% | 61.5% | 58.5% |
| Rental Rate | 33.1% | 29.8% | 31.2% |
| Vacancy Rate | 2.1% | 8.7% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Oakton has a homeownership rate of 64.8%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 2.1%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Oakton | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1985 | 1982 | 1978 |
| Median Number of Rooms | 6.1 | 6.0 | 5.5 |
The typical housing unit in Oakton was built around 1985. On average, 2.6 people live in a home with about 6.1 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Oakton, Virginia.
What is the median home price in Oakton, Virginia?
The median home price in Oakton, Virginia is $874,989, higher than the Virginia average of $256,082.
What is the average home price in Oakton, Virginia?
The typical home price in Oakton, Virginia, reported as the median sale price, is $874,989. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Oakton, Virginia?
The median gross rent in Oakton, Virginia is $2,279 per month, higher than the Virginia average of $1,579.
What was the median gross rent in Oakton in 2020?
In 2020, the median gross rent in Oakton, Virginia was $1,978 per month.
What is the price-to-rent ratio in Oakton, Virginia?
The price-to-rent ratio in Oakton, Virginia is about 32.0, meaning it would take roughly 32.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Oakton.
Are home prices or rent rising faster in Oakton, Virginia?
Both home prices and rent are rising in Oakton, up about 3.5% and 3.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oakton, Virginia?
64.8% of households in Oakton, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Oakton, Virginia?
The housing vacancy rate in Oakton, Virginia is 2.1%, lower than the Virginia average of 8.7%.
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