Rent to own Homes in Oakton, VA
Oakton, VA isn't actually a city or town. It's a census designated place located in Fairfax County. With slightly more than 9 square miles of space, Oakton is not a massive place, but there's still plenty of room for its 34,000 residents. While you won't find any bodies of water here, you will find several parks to explore. Plus, you'll also be conveniently close to the D.C. area and Fairfax.
Oakton, VA is a great place for affordable rent-to-own homes! With a median household income of over $138,598 and a median rent of $1,974, the Oakton, VA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Oakton, VA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Oakton, VA Property Resources
Rent to own Homes in Cities Near Oakton, VA
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- Adelphi
- Aldie
- Alexandria
- Annandale
- Arlington
- Ashburn
- Aspen Hill
- Bailey's Crossroads
- Brambleton
- Broadlands
- Broad Run
- Bull Run Mountain Estates
- Burke
- Burke Centre
- Cherry Hill
- Chevy Chase
- Chevy Chase Village
- Dulles Town Center
- Dunn Loring
- Fairfax
- Fairfax Station
- Fair Lakes
- Falls Church
- Floris
- Forest Glen
- Fort Hunt
- Kensington
- Kingstowne
- Layhill
- Leesburg
- Linton Hall
- Loch Lomond
- Mantua
- Moorefield Station
- Mount Vernon
- Nokesville
- North Bethesda
- North Chevy Chase
- North Kensington
- North Potomac
- Oakton
- Potomac
- Rockville
- Somerset
- Sudley
- Sugarland Run
- Travilah
- Vienna
- Yorkshire
Neighborhoods in Oakton, VA
No neighborhoods foundBuying a Home in Oakton, VA
Oakton, VA is seeing rapid growth and Oakton, VA's' housing market remains not optimal with an average home price that is 193% above the 2024 national average. Oakton, VA is part of Fairfax county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Fairfax is 0.89% which is below the national average, which is 0.99%.
Median Home Price in Oakton, VA
Median Rent in Oakton, VA
Top 5 Reasons to Live in Oakton, VA
Rising home prices! Prices on homes in Oakton have been going up, making real estate a great investment here. Prices rose by 25% in just 1 year and are expected to continue increasing. Now is an ideal time to look for homes for sale or rent to own homes in Oakton. Where to look? Try near Chain Bridge Road, if you don't want to go far when running errands. You'll find the Giant grocery and Hallmark store in this area.
Several options for renters! Around one-third of housing is renter-occupied in Oakton, so you should have a fairly easy time finding the ideal place to rent. Look for a rental house or apartment close to one of Oakton's many parks, like Foxvale Park or Oakborough Square Park, and you'll have a convenient place to go and enjoy the fresh air.
Lots of great eateries! Oakton isn't big in terms of square miles, but it has plenty to offer when you don't feel like cooking at home. Head to Tigris Grill for some shawarma or falafel, or give Yoko a try if you're craving some sushi or sashimi.
Outdoor fun and relaxation! Oakton provides several ways for you to enjoy the outdoors and mild temperatures. Play a round or two of golf and work on improving your swing at Oak Marr Park. Hop on a horse or throw on your running shoes and head to Difficult Run Stream Valley Park to run a few miles.
Indoor activities! Get your heart pumping and check out the equipment at the new state-of-the-art fitness center at Oak Marr RECenter. The center also has a huge heated indoor pool, so you can still enjoy swimming when it's cold out. For activities that are more cerebral, head over to the Oakton Public Library for book sales, book discussions, and other events.