Oakton's October First-Time Homebuyer Report

Oakton is a city that is growing faster than others in Virginia at a 10-year growth rate of 20.2%. It also has a larger than average population of 34,166 people. Its three largest zip codes are 22031, 22124, and 22181. With a median age of 27 years, homes in Oakton tend to be relatively old. Heading the list of top schools in the city is Oakton High School.

Culture

According to Foursquare, Whole Foods Market, Oakton Shopping Center, and Robeks Fresh Juices & Smoothies are the most popular retail spots in Oakton. You might also try Nottoway Park and Oak Marr Recreation Center, a few popular places to experience the outdoors. And finally, Jammin Java and Born 2 Dance are frequently visited spots for entertainment.

Price Range

Oakton has some of the more expensive homes in the state with a median home value of $670,600 and a current average list price of $682,266. With home sales in the Oakton market already below average, in this week's report they slid 9.1% to 40 homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in Oakton that generated the most views from potential buyers:

$724K   $4M   $550K  

Typical Dwelling

The typical dwelling in Oakton is a three-bedroom townhouse worth about $533,788. To purchase a similar home, a buyer with good credit and a $106,758 cash down payment could obtain a mortgage with a 3.95% interest rate and a $2,785 monthly payment. The property tax rate is $10.67 per $1,000 of taxable assessed value.

Get started right now by checking out Oakton homes for sale or reviewing Oakton real estate trends.


Data reported through 10/13/2016

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