The typical owner-occupied home in Oakton is worth about $792,100, 2.1 times the Virginia median of $383,700 and 2.4 times the national median of $332,700. Owners pay a median $8,123 a year in property taxes, about 1.03% of their home's value, higher than the Virginia rate of 0.73%. The median household earns $160,663 a year, so the median home costs 4.9 times the median income (4.1 times for Virginia). 67% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Oakton at a glance
| Oakton | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $792,100 | $383,700 | $332,700 |
| Median property tax paid per year | $8,123 | $2,790 | $3,119 |
| Property tax as a share of value | 1.03% | 0.73% | 0.94% |
| Median household income | $160,663 | $93,170 | $80,734 |
| Homes lived in by their owners | 67% | 67% | 65% |
| Owner homes with a mortgage | 70% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $3,418 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 20.1% | 21.0% |
| Median rent | $2,276 | $1,579 | $1,413 |
| Rent as a share of renters' income | 25.1% | 29.4% | 30.6% |
| Median year homes were built | 1983 | 1984 | 1980 |
| Vacant homes | 2.2% | 8.7% | 10.1% |
| Population | 36,528 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Oakton
At this week's average 30-year rate of 7.11%, buying the median Oakton home of $792,100 with 20% down costs about $5,273 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,720, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $225,975 for the 20%-down payment. That payment is 39% of the median Oakton household income of $160,663; at that income and 20% down, the 28% guideline points to a home of about $563,000.
The median rent here is $2,276 a month, so owning the median home costs about $2,997 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $158,420 |
|---|---|
| Loan amount | $633,680 |
| Principal and interest | $4,263 |
| Property taxes (1.03% a year) | $680 |
| Homeowners insurance (our estimate, 0.5% a year) | $330 |
| PMI | $0 |
| Total per month | $5,273 |
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| Down payment | $27,724 |
|---|---|
| Loan amount | $777,753 |
| Principal and interest | $5,232 |
| Property taxes (1.03% a year) | $680 |
| Homeowners insurance (our estimate, 0.5% a year) | $330 |
| FHA mortgage insurance | $478 |
| Total per month | $6,720 |
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Questions about home buying in Oakton
What is the median home value in Oakton?
About $792,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oakton?
Homeowners pay a median $8,123 a year, which is about 1.03% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Oakton?
For the median home with 20% down at 7.11%, the payment is about $5,273 a month. Keeping that under 28% of gross income takes about $225,975 a year.
More about Oakton
- Mortgage Refinance in Oakton
- Debt Relief in Oakton
- Home Equity Loans in Oakton
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data