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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 $270,697, lower than the Texas average of $322,096.
The average cost of rent is $1,508/mo in Locust, primarily driven by the current value of real estate in the Locust area. In Locust, 27.34% of households rent, and 46.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Locust is $7,131 per month. Households that rent pay about 21.15% of their income on rent here. Locust’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sherwood Shores, TX: less expensive homes
- Pottsboro, TX: equally priced homes
- Cedar Mills, TX: equally priced homes
- Gordonville, TX: equally priced homes
- Willis, OK: less expensive homes
- Sandusky, TX: equally priced homes
- Preston, TX: less expensive homes
- Sadler, TX: equally priced homes
- Sherman Junction, TX: higher priced homes
- Knollwood, TX: less expensive homes
Cities with Similar Populations
- Cut, TX: less expensive homes
- Spring Grove, MI: less expensive homes
- Elliottstown, IL: less expensive homes
- Eckerty, IN: less expensive homes
- Dutton, MI: higher priced homes
- Dublin, KY: less expensive homes
- Devore Hghts, CA: higher priced homes
- Denton, GA: less expensive homes
- Dendron, VA: less expensive homes
- Delmont, OH: equally priced homes
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