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These days, finding an affordable place to live in the Locust Grove area can be challenging. Home prices in Locust Grove are now at a median cost of $133,842, lower than the Arkansas average of $207,061.
The average cost of rent is $695/mo in Locust Grove, primarily driven by the current value of real estate in the Locust Grove area. In Locust Grove, 12.20% of households rent, and 46.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Locust Grove is $4,577 per month. Households that rent pay about 15.17% of their income on rent here. Locust Grove’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harmontown, AR: equally priced homes
- Desha, AR: higher priced homes
- Concord, AR: less expensive homes
- Melrose, AR: less expensive homes
- McHue, AR: equally priced homes
- Limedale, AR: equally priced homes
- Marcella, AR: less expensive homes
- Batesville, AR: higher priced homes
- Salado, AR: less expensive homes
- Cushman, AR: less expensive homes
Cities with Similar Populations
- Craigfield, TN: higher priced homes
- Waterville, WI: higher priced homes
- Waterford, IN: higher priced homes
- Warren Air Force Base, WY: higher priced homes
- Wallsburg, UT: higher priced homes
- Wall, SD: higher priced homes
- Walden, CO: higher priced homes
- Doncaster, MD: higher priced homes
- Detroit Beach, MI: higher priced homes
- Denmark, ME: higher priced homes
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