The housing market in Locust Grove, OK is strong. The median value of a house is $158,700 whereas the national median is much higher at $338,100. Over the last year, the appreciation rate for houses in Locust Grove has been 13.34%, which is significantly higher than the national average of 8.27%. This shows that there is an upward trend in home values in Locust Grove and it reflects positively on the area's real estate market.
The median home cost in Locust Grove is $158,700. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Locust Grove is up 14.5%.
Average Age of Homes
- The median age of Locust Grove real estate is 43 years old
The Rental Market in Locust Grove
- Renters make up 28.1% of the Locust Grove population
- 1.5% of houses and apartments in Locust Grove, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.