Locust Grove, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Locust Grove, GA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Locust Grove Housing Market Information

With a population of 5,790, 1,824 total housing units (homes and apartments), and a median house value of $156,287, Locust Grove real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Locust Grove, accounting for 83.14% of the city's housing units. Other types of housing that are prevalent in Locust Grove include mobile homes or trailers ( 14.03%), row houses and other attached homes ( 2.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Locust Grove. Owner-occupied housing accounts for 73.25% of Locust Grove's homes, and 77.39% have either three or four bedrooms, which is average sized relative to America.

Locust Grove homes and real estate are some of the newest in America. 52.45% of Locust Grove's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Locust Grove real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.91%), and before 1939 ( 5.05%). There's also some housing in Locust Grove built between 1940-1969 ( 4.59%).

Locust Grove Home Appreciation Rates

Locust Grove's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Locust Grove during the period has been just -1.70%, which is lower than 80% of US communities.

Over the last year, Locust Grove appreciation rates have trailed the rest of the nation. In the last twelve months, Locust Grove's appreciation rate has been 3.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Locust Grove were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Locust Grove's latest annual appreciation rate is lower than 60% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$156,287

Locust Grove, GA HOME PRICES

Value Range
> $1,241,000 0.6
$931,001 - $1,241,000 0.0
$620,001 - $931,000 0.9
$496,001 - $620,000 2.2
$372,001 - $496,000 2.8
$248,001 - $372,000 10.3
$124,001 - $248,000 48.5
$62,001 - $124,000 22.1
$0 - $62,000 12.7

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
47.3045822102426 28.5412262156448

Number Of Homes And Apartments:
1,824

Locust Grove Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
1.47% 0.08% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,358 / per month

Homeownership Rate

Homeownership
Owners 73.25
Renters 26.75
Vacant 7.93

Housing Market Details

 

Age of Homes

AGE OF Locust Grove HOMES
2000 or Newer 52.4
1970 - 1999 37.9
1940 - 1969 4.6
1939 or Older 5.0

Types of Homes

TYPE OF Locust Grove HOMES
Single-Family 83.1
Townhomes 2.1
Small Apt. Buildings 0.0
Apt. Complexes 0.7
Mobile Homes 14.0
Other 0.0

Home Size

SIZE OF Locust Grove HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 9.19
3 Bedrooms 45.33
4 Bedrooms 32.05
5 or more bedrooms 13.43

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Zip Codes in Locust Grove, GA