Functional near-infrared spectroscopy (fNIRS) is a non-invasive imaging technique that elicits growing interest for research and clinical applications. In the last decade, efforts have been made to develop a mathematical framework in order to image the effective sources of hemoglobin variations in brain tissues. Different approaches can be used to impose additional information or constraints when reconstructing the cerebral images of an ill-posed problem. The goal of this study is to compare the performance and limitations of several source localization techniques in the context of fNIRS tomography using individual anatomical magnetic resonance imaging (MRI) to model light propagation. The forward problem is solved using a Monte Carlo simulation of light propagation in the tissues. The inverse problem has been linearized using the Rytov approximation. Then, Tikhonov regularization applied to least squares, truncated singular value decomposition, back-projection, L1-norm regularization, minimum norm estimates, low resolution electromagnetic tomography and Bayesian model averaging techniques are compared using a receiver operating characteristic analysis, blurring and localization error measures. Using realistic simulations (n = 450) and data acquired from a human participant, this study depicts how these source localization techniques behave in a human head fNIRS tomography. When compared to other methods, Bayesian model averaging is proposed as a promising method in DOT and shows great potential to improve specificity, accuracy, as well as to reduce blurring and localization error even in presence of noise and deep sources. Classical reconstruction methods, such as regularized least squares, offer better sensitivity but higher blurring; while more novel L1-based method provides sparse solutions with small blurring and high specificity but lower sensitivity. The application of these methods is also demonstrated experimentally using visual fNIRS experiment with adult participant.