Oakton, VA is a housing market that is significantly more expensive than the US median. The median value of a house in Oakton, VA stands at an astonishing $944,600 which is well over double the US House Median Value of $338,100. Despite this high cost of living, the rate of appreciation for houses in Oakton over the past year stands at 4.28%, less than the US appreciation rate of 8.27%. This suggests that while housing in Oakton may still be expensive and out of reach for many potential buyers, it has not been increasing quite as quickly as some other markets around the country.
The median home cost in Oakton is $944,600. Home appreciation the last 10 years has been 60.6%. Home Appreciation in Oakton is up 10.5%.
Average Age of Homes
- The median age of Oakton real estate is 35 years old
The Rental Market in Oakton
- Renters make up 37.3% of the Oakton population
- 1.6% of houses and apartments in Oakton, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.