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These days, finding an affordable place to live in the Locust area can be challenging. Home prices in Locust are now at a median cost of $341,761, higher than the Iowa average of $226,062.
The average cost of rent is $981/mo in Locust, primarily driven by the current value of real estate in the Locust area. In Locust, 27.12% of households rent, and 44.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Locust is $6,247 per month. Households that rent pay about 15.71% of their income on rent here. Locust’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Burr Oak, IA: equally priced homes
- Quandahl, IA: less expensive homes
- Sattre, IA: equally priced homes
- Hesper, IA: equally priced homes
- Highlandville, IA: equally priced homes
- Decorah, IA: less expensive homes
- Freeport, IA: less expensive homes
- Mabel, MN: less expensive homes
- Newhouse, MN: less expensive homes
- Prosper, MN: less expensive homes
Cities with Similar Populations
- Staff, TX: less expensive homes
- Sorgho, KY: equally priced homes
- Speedsville, NY: less expensive homes
- Spivey, KS: less expensive homes
- Split Rock, PA: less expensive homes
- Spragueville, ME: less expensive homes
- Spring Garden, MO: less expensive homes
- St. Urbans, WA: higher priced homes
- Stacy Basin, NY: less expensive homes
- Holt, KY: less expensive homes
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