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Locust Grove, GA—30248

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$328,000
2.3% YoY Growth
Household Income
$85,500
25.6% YoY Growth
Days on Market
59
5.0% Longer YoY
Home Price Forecast
0.2%
Median Rent
$2,080
0.9% YoY Growth
1-Bed Rent
$1,510
16.2% YoY Growth
2-Bed Rent
$1,100
32.4% YoY Growth
3-Bed Rent
$1,880
0.5% YoY Growth

Other Zip Codes in Locust Grove, GA

30234
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Locust Grove, GA

As of May '26, the median home price in Locust Grove, GA is $328,000, with a year-over-year change of -2.3%. This indicates that home prices in Locust Grove, GA are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$328,000-2.3%
Single Family $328,000-2.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$239,0000.4%
    3 Bed
    		$272,000-2.5%
    4 Bed
    		$337,000-2.6%
    5 Bed $414,112-2.3%
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    % of Housing Stock

    Studio
    1.3%
    1 Bedroom
    2.0%
    2 Bedrooms
    5.7%
    3 Bedrooms
    40.1%
    4 Bedrooms
    33.7%
    5+ Bedrooms
    17.2%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    4.7%
    1 Bedroom
    12.4%
    2 Bedrooms
    18.0%
    3 Bedrooms
    24.7%
    4 Bedrooms
    35.2%
    5+ Bedrooms
    5.0%

    Property Listings — Locust Grove, GA

    As of May '26, Realtor.com reports that the median days on market for a home in Locust Grove, GA is 59. This is a increase of 5.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$381,0004.0%
    Listing Count
    		289-8.0%
    Listings as % of Homes1.8%-8.0%
    Days on Market
    		595.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		33,80034.5%
    % Under 18
    		26.2%-11.2%
    % Seniors
    		10.3%8.4%
    % WFH
    		16.6%155.4%
    % w/ College Degree
    		26.0%1.6%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$328,000
    Median Household Income$85,500

    Locust Grove, GA — ZIP Code Boundary Map

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    Frequently Asked Questions