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  4. /Locust Grove, OK - 74352

Locust Grove, OK—74352

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$195,000
2.5% YoY Growth
Household Income
$52,200
32.9% YoY Growth
Days on Market
31
42.0% Shorter YoY
Home Price Forecast
N/A
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Locust Grove, OK

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

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$195,0002.5%
Single Family $194,0002.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A

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  • Affordability
  • Rentals and Section 8
    • 2 Bed
    $144,000
    -1.4%
    3 Bed
    		$222,0003.7%
    4 Bed
    		$285,0002.9%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    2.1%
    1 Bedroom
    8.7%
    2 Bedrooms
    30.5%
    3 Bedrooms
    45.0%
    4 Bedrooms
    13.6%
    5+ Bedrooms
    0.1%

    Rental Trends — Locust Grove, OK

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

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % 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 May '26, Realtor.com reports that the median days on market for a home in Locust Grove, OK is 31. This is a decrease of -42.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$286,00020.0%
    Listing Count
    		15-39.0%
    Listings as % of Homes0.4%-39.0%
    Days on Market
    		31-42.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
    Loading chart...

    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$810
    2 BedroomN/AN/A$1,020
    3 BedroomN/AN/A$1,350
    4 BedroomN/AN/A$1,560

    Affordability — Locust Grove, OK

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.5
    Median Home Price$195,000
    Median Household Income$52,200

    Locust Grove, OK — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Peggs, OK

    74452

    Chouteau, OK

    74337

    Hulbert, OK

    74441

    Rose, OK

    74364

    Wagoner, OK

    74467

    Frequently Asked Questions