Home Price Key
Affordable
Average
Expensive
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 $82,073, lower than the Arkansas average of $160,541.
The average cost of rent is $624/mo in Locust Grove, primarily driven by the current value of real estate in the Locust Grove area. While nearly 66.38% of residents own their homes outright in Locust Grove, 17.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Locust Grove is $4,166 per month. Households that rent pay about 14.98% of their income on rent here. Locust Grove's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Harmontown, AR: higher priced homes
- Desha, AR: higher priced homes
- Concord, AR: higher priced homes
- Melrose, AR: less expensive homes
- McHue, AR: equally priced homes
- Limedale, AR: higher priced homes
- Marcella, AR: equally priced 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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