Foreclosure Homes in Locust Grove, OK

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2 View this home at Twin Hills Rd Locust Grove OK 74352
Twin Hills Rd
Locust Grove, OK 74352
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AUCTION: 05-16-2024
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Locust Grove, OK Foreclosures

How much do homes sell for in Locust Grove, OK?
The average home price is currently $198,229.
In Locust Grove, OK, how many homes are available?
There are currently 1,464 active home listings available in Locust Grove.
What’s the average rental cost in Locust Grove, OK?
The average rental price in Locust Grove is $1,055.
What is the most expensive home in Locust Grove, Oklahoma?
The most expensive home sold in Locust Grove had a price of $8,739,527.
What is currently the cheapest priced home in Locust Grove, OK?
The cheapest home for sale in Locust Grove is priced at $18,642.

Home Value Estimator For Locust Grove, OK

There are currently 1,464 real estate properties in Locust Grove, OK, with a median automated valuation model (AVM) price of $152,206.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Locust Grove, OK, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Locust Grove, OK, is $198,229.00, with the most expensive house in Locust Grove, OK, topping out at $8,739,527.00 and the cheapest home in Locust Grove, OK, clocking in at $18,642.00. In other words, there’s something for every potential homebuyer or savvy investor in Locust Grove, OK!

Rent Prices In Locust Grove, OK

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Locust Grove, OK, is on a rollercoaster ride. The average rent price in Locust Grove, OK, is $1,055.00. Indeed, when looking to rent in Locust Grove, OK, you can expect to pay as little as $500.00 or as much as $2,410.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Locust Grove, OK -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Locust Grove, OK In 2024

Locust Grove is located in Mayes, Oklahoma, with an estimated municipal population of 1,395 residents. All of the best foreclosed homes for sale in Locust Grove are located in the following zip code areas on 74352. The estimated population per square kilometer (.62 miles) in Locust Grove is 307.

Cost Of Living In Locust Grove, OK

So, about how much do homes cost in Locust Grove? The most recent median value of resident-owned homes in Locust Grove is 69,831. An estimated 55.1 percent of households in Locust Grove own their homes, with an average family size of 3.41. The median household income in Locust Grove is 33,065, with8.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Locust Grove, the median commute time of resident workers (in minutes) is 20.8. And last, but certainly not least, are you looking for homes to rent in Locust Grove? If so, the average rent price paid by renters in Locust Grove is 654, according to recent statistics.

Diversity And Demographics In Locust Grove, Oklahoma

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Locust Grove, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Locust Grove is 36.5, split between 46.8 percent male versus 53.3 female. The percentage of residents who report being married in Locust Grove is 37.6, with an average family size of 3.41.

The percentage of residents who report their race in Locust Grove is as follows:

White 50.1%
Black / African American 2.8%
Asian 0.3%
American Indian / Alaskan Native 31.6%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 14.9%
Other 0.4%

Looking for family-friendly neighborhoods in and/or near Locust Grove? Or maybe you are searching for 55+ active adult communities in and/or near Locust Grove?

The percentage of residents who report their age in Locust Grove is as follows:

Under 10 14%
Aged 10-19 19.9%
20s 10.7%
30s 10.3%
40s 9.8%
50s 13.8%
60s 11.4%
70s 6.5%
80+ 3.6%

Best Schools In Locust Grove, Oklahoma

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Locust Grove with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Locust Grove.

Pros And Cons Of Living In Locust Grove, Oklahoma

How do you know that living in -- or moving to -- Locust Grove is right where you need to be? Perhaps you grew up in Locust Grove or already live nearby; therefore, the decision to buy a home in Locust Grove is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Locust Grove for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Locust Grove:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Locust Grove.

Reasons To Move To Locust Grove, Oklahoma, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Locust Grove can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Locust Grove, meanwhile, can field multiple offers from more qualified buyers.

Locust Grove, OK Foreclosures


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