Locust Grove, GA—30248
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Locust Grove, GA
Home Price Trends — Locust Grove, GA
As of Oct '25, the median home price in Locust Grove, GA is $324,000, with a year-over-year change of -3.6%. This indicates that home prices in Locust Grove, GA are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $324,000 | -3.6% |
| Single Family | $325,000 | -3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | -3.4% |
3 Bed | $272,000 | -4.6% |
4 Bed | $335,000 | -3.5% |
| 5 Bed | $415,000 | -2.8% |
% of Housing Stock
Rental Trends — Locust Grove, GA
As of July '25, Rentcast reports the average rent in Locust Grove, GA is $2,130, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Locust Grove, GA is studios: $1,300, 1-bedrooms: $1,510, 2-bedrooms: $1,250, 3-bedrooms: $1,890, 4-bedrooms: $2,200. The most common rental property sizes in Locust Grove, GA are 4-bedroom and 3-bedroom, accounting for 35.2% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,080 | $2,130 |
| Studio Rent | $1,300 | $1,300 |
| 1 Bed Rent | $1,510 | $1,510 |
| 2 Bed Rent | $1,100 | $1,250 |
| 3 Bed Rent | $1,880 | $1,890 |
| 4 Bed Rent | $2,170 | $2,200 |
% of Rental Stock
Property Listings — Locust Grove, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Locust Grove, GA is 68. This is a increase of 30.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $381,000 | 3.0% |
Listing Count | 323 | 11.0% |
| Listings as % of Homes | 1.8% | 11.0% |
Days on Market | 68 | 30.0% |
Demographics — Locust Grove, GA
As of the latest ACS Survey released in 2023, Locust Grove, GA has a population of 33,800, which has increased by 34.5% over the past 5 years. Locust Grove, GA is a popular place for families, as children make up 26.2% of the population. The area has a moderately educated workforce, with 26.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,800 | 34.5% |
% Under 18 | 26.2% | -11.2% |
% Seniors | 10.3% | 8.4% |
% WFH | 16.6% | 155.4% |
% w/ College Degree | 26.0% | 1.6% |
As of the latest ACS Survey released in 2023, Locust Grove, GA is a predominantly white area, with 51.4% of the population identifying as white. The white population has shrunk by 21.5% in the last 5 years. The second most common race or ethnicity in Locust Grove, GA is black, making up 40.0% of the population. Foreign-born residents account for 5.8% of the population in Locust Grove, GA, and this percentage has decreased by 7.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 51.4% | -21.5% |
% Black | 40.0% | 58.7% |
% Hispanic | 9.2% | 35.3% |
% Asian | 0.2% | -88.2% |
% Foreign Born | 5.8% | -7.9% |
Mortgage and Risk — Locust Grove, GA
According to HUD data as of 2023, there were 955 mortgage originations in Locust Grove, GA, of which 46.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Locust Grove, GA. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 955 |
% Conventional Loans | 46.0% |
% Government Loans | 54.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Locust Grove, GA
As of 2024, the percent of homes in Locust Grove, GA under the Section 8 program is 7.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Locust Grove, GA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 151 |
Total Units Section 8 | 151 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 62.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,510 | $1,570 |
| 2 Bedroom | $640 | $1,100 | $1,740 |
| 3 Bedroom | $220 | $1,880 | $2,100 |
| 4 Bedroom | $350 | $2,170 | $2,520 |
Affordability — Locust Grove, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $324,000 |
| Median Household Income | $85,500 |