Locust Grove, OH—45660
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Locust Grove, OH
Locust Grove, OH lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $183,000 | 7.4% |
| Single Family | $183,000 | 8.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $107,000 | -0.9% |
2 Bed | $147,000 | 8.1% |
3 Bed | $214,000 | 8.6% |
4 Bed | $249,000 | 11.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Locust Grove, OH
As of July '25, Rentcast reports the average rent in Locust Grove, OH is $800, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Locust Grove, OH is 2-bedrooms: $800. The most common rental property sizes in Locust Grove, OH are 3-bedroom and 2-bedroom, accounting for 42.6% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $750 | $800 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Locust Grove, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Locust Grove, OH is 42. This is a decrease of -31.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $169,000 | 0.0% |
Listing Count | 27 | -14.0% |
| Listings as % of Homes | 0.3% | -14.0% |
Days on Market | 42 | -31.0% |
Demographics — Locust Grove, OH
As of the latest ACS Survey released in 2023, Locust Grove, OH has a population of 7,820, which has increased by 7.9% over the past 5 years. Locust Grove, OH is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 11.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,820 | 7.9% |
% Under 18 | 21.5% | -6.5% |
% Seniors | 20.4% | 6.8% |
% WFH | 6.1% | 144.0% |
% w/ College Degree | 11.9% | -0.8% |
As of the latest ACS Survey released in 2023, Locust Grove, OH is a predominantly white area, with 94.0% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Locust Grove, OH is hispanic, making up 1.3% of the population. Foreign-born residents account for 1.5% of the population in Locust Grove, OH, and this percentage has increased by 150.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.0% | 0.1% |
% Black | 0.2% | -84.6% |
% Hispanic | 1.3% | 160.0% |
% Asian | 1.2% | ∞% |
% Foreign Born | 1.5% | 150.0% |
Mortgage and Risk — Locust Grove, OH
According to HUD data as of 2023, there were 56 mortgage originations in Locust Grove, OH, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Locust Grove, OH. Investor activity is low, as 2.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 56 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Locust Grove, OH
Locust Grove, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 173 |
Total Units Section 8 | 117 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 71.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $680 |
| 2 Bedroom | $130 | $750 | $880 |
| 3 Bedroom | N/A | N/A | $1,110 |
| 4 Bedroom | N/A | N/A | $1,210 |
Affordability — Locust Grove, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $183,000 |
| Median Household Income | $54,900 |