Locust Grove, OK 74352 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Locust Grove, OK—74352

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$186,000

0.4% YoY Growth

Household Income

$52,200

32.9% YoY Growth

Days on Market

77

15.0% Longer YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Locust Grove, OK

Locust Grove, OK lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$186,000	0.4%
Single Family	$185,000	0.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Locust Grove, OK

Locust Grove, OK lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.6%

1 Bedroom

16.7%

2 Bedrooms

36.2%

3 Bedrooms

35.6%

4 Bedrooms

9.9%

Property Listings — Locust Grove, OK

As of Dec '25, Realtor.com reports that the median days on market for a home in Locust Grove, OK is 68. This is a increase of 21.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$239,000	26.0%
Listing Count	9	-38.0%
Listings as % of Homes	0.4%	-38.0%
Days on Market	77	15.0%

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Demographics — Locust Grove, OK

As of the latest ACS Survey released in 2023, Locust Grove, OK has a population of 5,820, which has decreased by -13.8% over the past 5 years. Locust Grove, OK is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,820	-13.8%
% Under 18	23.3%	-6.8%
% Seniors	16.9%	-5.1%
% WFH	6.2%	121.4%
% w/ College Degree	16.1%	37.6%

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As of the latest ACS Survey released in 2023, Locust Grove, OK is a predominantly white area, with 48.3% of the population identifying as white. The white population has shrunk by 20.8% in the last 5 years. The second most common race or ethnicity in Locust Grove, OK is hispanic, making up 5.0% of the population. Foreign-born residents account for 0.9% of the population in Locust Grove, OK, and this percentage has increased by 28.6% 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	48.3%	-20.8%
% Black	0.4%	-42.9%
% Hispanic	5.0%	72.4%
% Asian	0.2%	-33.3%
% Foreign Born	0.9%	28.6%

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Mortgage and Risk — Locust Grove, OK

According to HUD data as of 2023, there were 74 mortgage originations in Locust Grove, OK, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Locust Grove, OK. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	74
% Conventional Loans	64.0%
% Government Loans	36.0%
% Investor Loans	1.0%
% Second Loans	5.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Locust Grove, OK

Locust Grove, OK lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	25
Total Units Section 8	25
% Rentals under Section 8	4.0%
% Occupied Section 8	88.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$810
2 Bedroom	N/A	N/A	$1,020
3 Bedroom	N/A	N/A	$1,350
4 Bedroom	N/A	N/A	$1,560

Locust Grove, OK—74352

Key Metrics at a Glance

Home Price Trends — Locust Grove, OK

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Locust Grove, OK

% of Rental Stock

Property Listings — Locust Grove, OK

Demographics — Locust Grove, OK

Race and Ethnicity

Mortgage and Risk — Locust Grove, OK

Mortgages

Rentals and Section 8 — Locust Grove, OK

Section 8 Market Size

Section 8 Opportunity

Affordability — Locust Grove, OK

Home Price to Income Ratio

Locust Grove, OK — ZIP Code Boundary Map

Nearby ZIP Codes

Peggs, OK

Chouteau, OK

Hulbert, OK

Rose, OK

Wagoner, OK

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$186,000
Median Household Income	$52,200

Locust Grove, OK—74352

Key Metrics at a Glance

Home Price Trends — Locust Grove, OK

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Locust Grove, OK

% of Rental Stock

Property Listings — Locust Grove, OK

Demographics — Locust Grove, OK

Race and Ethnicity

Mortgage and Risk — Locust Grove, OK

Mortgages

Rentals and Section 8 — Locust Grove, OK

Section 8 Market Size

Section 8 Opportunity

Affordability — Locust Grove, OK

Home Price to Income Ratio

Locust Grove, OK — ZIP Code Boundary Map

Nearby ZIP Codes

Peggs, OK

Chouteau, OK

Hulbert, OK

Rose, OK

Wagoner, OK

Frequently Asked Questions

What is the average home price in Locust Grove, OK 74352?

How have home prices in Locust Grove, OK 74352 changed over the past year?

What is the home price projection for Locust Grove, OK 74352?

What are the demographics of Locust Grove, OK 74352?

How long does it take homes to sell in Locust Grove, OK 74352?

What is the average rent price in Locust Grove, OK 74352?