Locust Grove, OK—74352
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | $186,000 | 0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $139,000 | -2.1% |
3 Bed | $214,000 | 1.4% |
4 Bed | $263,000 | 1.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Locust Grove, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Locust Grove, OK is 72. This is a increase of 26.0% 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 | $234,000 | 12.0% |
Listing Count | 16 | 0.0% |
| Listings as % of Homes | 0.4% | 0.0% |
Days on Market | 72 | 26.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Locust Grove, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $186,000 |
| Median Household Income | $52,200 |