Zip Code:
22124 is a Virginia Zip code within the city of Oakton and the county of Fairfax County. Its population is roughly 18,530.
The 22124 zip code of Oakton, VA has a median home value of $269,000 and a median home equity value of $143,000. This is significantly higher than the national median home value of $177,500 and the regional median home equity value of $130,000. The Oakton zip code also has a significantly higher home price to income ratio than both the national and regional averages. This indicates that there are more expensive homes in this zip code than in other areas.
One possible explanation for this high level of home values is that the area is affluent. The Oakton zip code has a high level of education attainment (above average), as well as a high level of income (above average). These factors may contribute to increased demand for homes in this area. Additionally, the area is located within close proximity to Washington D.C., which may also contribute to increased demand for homes in this area.
Despite these factors, not all homeowners in the 22124 zip code are able to benefit from these elevated prices. Many low-income households reside in this area, which may limit their ability to purchase or upgrade their homes into more expensive ones. Additionally, many homeowners who do not qualify for favorable mortgage rates may find it difficult to finance a purchase or upgrade into a more expensive home due to the elevated prices in this area
Price Index: Washington-Arlington-Alexandria, DC-VA-MD-WV (MSAD)
Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
---|---|---|---|---|---|---|---|---|
22030 | 59,332 | 1,213.6 | America/New_York | 38.83937 | -77.34167 | Fairfax | Fairfax County | Virginia |
22181 | 15,350 | 1,041 | America/New_York | 38.90635 | -77.29438 | Vienna | Fairfax County | Virginia |
22035 | 0 | 0 | America/New_York | 38.85526 | -77.35826 | Fairfax | Fairfax County | Virginia |